Acquisition of the Biox Group

Bateman Engineering is pleased to announce that it has entered into a conditional agreement to acquire the Biox technology business (“Biox Business”) from the Gold Fields Group for a net cash consideration of USD 8.84 million.

The Biox Business is the owner of a proprietary and patented technology, known as the BIOX process, for the pre-treatment of refractory ores and concentrates ahead of conventional cyanide leach for gold recovery. The BIOX process has many advantages over conventional refractory processes such as roasting, pressure oxidation and nitric acid leaching. These include improved rates of gold recovery, lower capital cost, low operating expenditures, low levels of skills required for operation, and being environmentally friendly…more at MEIOnline