MONTREAL, QUEBEC -- (Marketwire) -- 03/13/13 -- Orbite Aluminae Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company") is pleased to announce its participation in the following upcoming international conferences:
Orbite and Veolia at the Miami Bauxite & Alumina Conference
Orbite and Veolia will be attending and presenting at the 19th Bauxite & Alumina Conference, which is being held from March 13th to March 15th, 2013 in Miami, USA, at the Conrad Miami Hilton. The partners invite attendees to visit the joint Orbite-Veolia Environmental Services ("Veolia") booth and attend the presentation to be given by Denis Primeau, Eng., Orbite's Chief Engineer on March 14th at 12:45pm.
On February 4, 2013, Orbite announced it signed an exclusive worldwide collaborative agreement with Veolia for the remediation of red mud using the Orbite proprietary processes. Veolia is the largest environmental solutions company in the world. Specific milestones were established within the agreement for the construction of a first red mud remediation plant expected to begin in 2014. These milestones include selecting the site, determining the optimal operating capacity, and concluding negotiations on the ownership and funding structure. Veolia will be the operator of the plant and intends to construct red mud remediation plants worldwide.
Red mud is the caustic waste by-product of smelter-grade alumina production from bauxite ores using the industry standard Bayer process. On average, the Bayer process produces two tonnes of red mud waste for each tonne of alumina. To date there has been no commercially viable remediation technology, resulting in the disposal of red mud using vast stockpiles, or in some cases even using ocean-disposal, thus creating a long-term liability for alumina producers. There is currently an estimated 3 billion tonnes of red mud held in stockpiles worldwide. With over 100 million new tonnes produced each year by the industry, at this rate red mud stockpiles are expected to reach 4 billion tonnes by the end of the decade. The Orbite proprietary processes, which generate no wastes or tailings, are the only commercially viable and eco-friendly technology for remediating red mud.
Orbite at the Mines and Money Hong Kong 2013 Conference
Orbite will be attending and presenting at the Mines and Money Hong Kong Conference, which is being held from March 18th to March 22nd, 2013 in Hong Kong, at the Hong Kong Convention and Exhibition Centre. Orbite invites attendees to visit the Company at booth J54 on March 21st and 22nd and to attend the corporate presentation, as part of the Mining Company Spotlight sessions, at 3pm Hong Kong Time on March 22nd.
Orbite at the 25th Annual Roth Capital Conference
Orbite will be attending and presenting at the 25th Annual Roth Capital Conference on March 19, 2013, which is being held in Dana Point, California at the Dana Point Ritz Carlton. Orbite will be delivering a corporate presentation at 1pm Pacific Time.
Orbite Aluminae Inc. is a Canadian company whose innovative and proprietary processes can produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, without generating any wastes, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently commissioning its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Quebec. A Feasibility Study for Orbite's first smelter-grade alumina (SGA) production plant, using clay mined from its Grande Vallee deposit, is anticipated by the end of 2013. Orbite signed an exclusive worldwide collaborative agreement with Veolia Environmental Services for the remediation of red mud using the Orbite processes with the intent to begin construction of a Veolia-operated demonstration plant in 2014. The company owns the intellectual property rights to 9 patents and 32 pending patent applications in 10 different countries. Its intellectual property portfolio now contains 14 intellectual property families.
For more information on the Company or to download our corporate presentation please visit: www.orbitealuminae.com
About Veolia Environmental Services
Veolia Environmental Services is the global benchmark for waste management and resource recovery, and the only operator across all segments of the waste management business (solid, liquid, non-hazardous and hazardous waste). The company contributes to a better environment by providing its municipal and industrial clients with innovative, efficient waste management services that span waste collection, pipe system management, and waste treatment, recovery and recycling solutions. Veolia Environmental Services generated 2011 revenue of 9.7 billion euros. www.veolia-environmentalservices.com
Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Company or hypotheses underlying these items. In this document, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Company management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management's Discussion and Analysis (MD&A) entitled "Risk and Uncertainties" as filed on March 22, 2012 on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
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