02 Mar Arianne Phosphate to partner with ABB for Lac à Paul project
Arianne Phosphate (TSXV:DAN) has announced the signing of a memorandum of understanding (MOU) agreement with Swiss engineering giant ABB Group, in order to further develop the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region.
ABB will provide engineering, procurement and support services for integrated electrification and automated mining solutions at the site.
The agreement will also address the financial necessities involved in funding the project, with ABB introducing the Lac à Paul project to the Swiss Export Credit Agency.
“The agreement with ABB fits directly into this plan as they are a global leader in power and automation technologies for the mining industry,” said Arianne’s chief operating officer Jean-Sebastien David.
Remy Lanoue, ABB’s vice-president of industrial automation North America, added: “We believe that Arianne’s choice of ABB is recognition of our strong capabilities in process control systems and production management software.”
The Lac à Paul project is one of the largest greenfield phosphate projects in the world, with an estimated 75.7 million tonnes of saleable concentrate at 38.6% P2O5 .