Sulfuric Acid Supply Resumption HOUSTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (the “Company”) announced today the resumption of sulfuric acid supply to Conda from Rio Tinto’s Kennecott mine. Following the resumption of sulfuric acid supply, Conda has returned to full production capacity. Conda’s return to full production capacity is within the timeframe considered in the Company’s revised full-year guidance for 2021 issued on November 11, 2021.
The Company previously announced the disruption of sulfuric acid supply to Conda after Rio Tinto announced that it had declared force majeure on shipments of copper cathode and sulfuric acid from its Kennecott mine after the smelter was shut down on September 21, 2021 following a release of molten copper materials. Conda purchases approximately 60% of its annual sulfuric acid requirements from Rio Tinto’s Kennecott mine under a long-term supply agreement.
https://www.globenewswire.com/news-release/2021/11/18/2337907/0/en/Itafos-Announces-Sulfuric-Acid-Supply-Resumption.html