“As the NaCN market continues to experience strong growth globally, we are expanding capacity to meet market demands and ensure the continued safe, reliable and high-quality supply of product,” said Cyanco President and CEO, Michael Lefenfeld.
WINNEMUCCA, Nev. (PRWEB) October 10, 2018
Cyanco's flagship Winnemucca, Nevada plant – the world’s largest sodium cyanide (NaCN) production facility – has boosted its annual capacity to produce an additional 35,000 metric tons of this mission-critical reagent for the mining of precious metals globally.
The increased production capability will strengthen the company’s overall position as the global leader for the supply of NaCN in both solid and solution-based formulas for gold and silver mining around the world.
“As the NaCN market continues to experience strong growth globally, we are expanding capacity to meet market demands and ensure the continued safe, reliable and high-quality supply of product,” said Cyanco President and CEO, Michael Lefenfeld. “We are pleased that Cyanco’s new owners, affiliates of Cerberus Capital Management, have confidence in our business model to support this strategic investment.”
Cyanco is installing proven technology on an existing site that benefits from an established raw material supply base and infrastructure. The new solid NaCN production lines in Winnemucca, Nevada will provide additional redundancy of supply for the company’s Alvin, Texas facility, which was built to serve international customers in 2013. Due to these attractive dynamics, the project enjoys the strong support of the state and local communities.
With all necessary permitting and approvals secured, Cyanco is ready to break ground, with mechanical completion of the expansion project expected in the fourth quarter of 2019 and with facility utilization ramping quickly. Once operational, Cyanco’s full delivery system, including West Coast ocean and NAFTA rail supply chains, will be registered under the International Cyanide Management Code (ICMC).