Acquisition:
2022 / 07 / 12
Agreement:
Stream
Terms:
1% Zn until the later of June 30, 2030 or until 68 Mlbs are delivered
Ongoing Payment:
20% of spot
The Canadian Electrolytic Zinc (CEZinc) smelter is located in Quebec, Canada, on a site situated on the St. Lawrence Seaway along major transportation networks which connect the processing facility to its end markets in the United States and Canada. CEZinc is a leading producer of high-quality and sustainable refined zinc metal and various by-products from zinc concentrate sourced from mining operations around the world via Glencore Canada.
A planned expansion project at CEZinc includes the installation of additional belt filters and related equipment to increase the facility’s filtration capacity. The required permits from the government of Quebec have been received and commissioning is targeted for the second quarter of 2022. Once commissioned, the expansion projects will allow the facility to maintain its current production levels as well as increase zinc production by approximately 20,000 tonnes per year to a target of 290,000 tonnes annually.
December 2022
The maintenance shutdown and recommissioning of the electrolytic zinc processing facility was successfully completed and operations have restarted. The shutdown lasted about six weeks following which the facility went through a recommissioning phase. While the cellhouse repairs will help stabilize near-term operating conditions, evaluations have determined that a replacement of all cells will be necessary to stabilize and improve conditions for the long-term.
