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Velan Awarded Contract for Severe Service Mining Valves
March 22 ,
2006
Montreal, QC, Canada (March 22, 2006) - Velan Inc. is pleased to announce the award of a US$ 13 million (CDN$ 15 million) contract for the supply of Securaseal Severe Service Metal-Seated Ball Valves in Grade 28 Titanium and 2205 Duplex Stainless Steel materials. The Buyer, Goro Nickel SA, is a subsidiary of the mining powerhouse Inco Limited and is responsible for the management of the Goro Nickel Project.
The Goro Nickel Project, established to extract and process Nickel Laterite and Cobalt, is located on the South Pacific island of New Caledonia. The project uses advanced ore refining technology which is more environmentally friendly and economical than traditional smelting methods. This process, known as Pressure Acid Leaching (PAL), is currently used in the processing of gold, nickel, cobalt and copper and is poised to become the preferred method for mineral processing into the 21st Century.
Velan President, Tom Velan said, "This important contract reinforces Velan's position as a world leader in the manufacture and maintenance of Severe Service Metal Seated Ball Valves."
 For more information about Velan Severe Service Mining Valves, visit the Mining Solutions page.
Last Updated:
March 23, 2006 11:49 AM
EST
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