GSD plans $35m zinc oxide plants in Thailand & Saudi Arabia, Macquarie buys in

May 10, 2011 | 06:51 AM |

Global Steel Dust Ltd (GSD) plans to build two new steel dust recycling plants in Thailand and Saudi Arabia, and has brought Macquarie onboard to provide financing, company ceo Russ Robinson told MB. GSD expects each plant to cost $25-$35 million to build, and construction on both is scheduled to begin in the second half of 2011. The company has signed a memorandum of understanding with Thai zinc smelting company Padaeng, to build a recycling plant on the eastern seaboard of the Southeast Asian country, with Padaeng set to receive virtually all of its Waelz zinc oxide output via an offtake agreement. SDG is also in negotiations with a private Saudi firm to develop a second recycling plant in the Dammam/Jabail area....

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