ECONOMY INDUSTRIAL CORPORATION

Nickel Matte Caster Eases 
Environmental Problems 
for Platinum Producer

NEWS RELEASE                                             18 Dec 03

For immediate release                   More info:  Tom  Allen   
                                                            (1) 724-266-5720    


NICKEL MATTE CASTING MACHINE
COMMISSIONED AT POLOKWANE
IN NORTHERN SOUTH AFRICA

AMBRIDGE, PA,  December 18, 2003

The traditional method of granulating nickel matte, an intermediate product in platinum and nickel production, has concerned producers for some years. In addition to the potential explosion hazard, granulation requires immense quantities of electric power to operate the pumps. 

More important, because of the high sulfur content of the matte, the waste water contains varying levels of sulfuric acid. Several producers have been subject to fines and sanctions by environmental authorities for the discharge of inadequately treated waste water into streams and rivers. The use of a matte casting machine eliminates the need for large-scale and very expensive water treatment facilities.

At the new Polokwane Smelter in Northern South Africa, Anglo Platinum has installed a matte casting machine designed by Economy Industrial Corporation. The design of the machine was based on experimental work done by Economy on other varieties of matte. 

The machine casts slabs, approximately 300 x 900 x 50 mm., and utilizes Economy's proprietary automatic control system. The highly automated machine reduces manpower requirements, by operation of the mould cooling and mould coating systems by the plant's distributed control system.

Economy's development program, based on its patented technology, purpose-designs the mould mass ratio, cooling time cycle, and water cooling application rate and method to minimize the steady-state peak temperatures  of the moulds. Since allowing mould temperatures to reach high levels shortens their life, this process design results in longer mould life, with lower operating costs.

In addition to its matte, ferro-alloy and pig iron  casting machine installations, Economy Industrial has supplied a number of machines to cast stainless and alloy steel  for certified alloy producers,  brass and aluminum casters for  primary ingot production, and zinc slab casters.  A machine at the U.S. Navy Puget Sound shipyard is being used to convert high-strength alloy steel plate from de-commissioned Polaris submarines into ingots.  Economy has also been active in building casting machines for brass and aluminum re-cycling, serving several clients in the Middle East, in addition to the domestic market. 

A two strand pig iron casting machine, with each strand capable of casting 127 metric tons per hour, is currently under construction for a new direct reduction plant in Western Australia. The plant is planned to be commissioned in late 2004. A smaller 60 metric ton per hour machine was commissioned at a mineral sands plant in early 2003, at Ticor S-A, in Empangeni, KZN, South Africa earlier this year. 

Economy expects a growing market from additional mineral sands plants scheduled for construction in the coming years. While the plants' prime product is titanium dioxide, the sale of pig iron, produced as a by-product, is an important source of revenue for producers. 

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