Though diverse, industrial minerals markets have largely been in decline throughout 2015 and 2016 due to falling demand in major markets, declining oil prices, and oversupply. In June, I attended the Industrial Minerals’ International Congress (IMIC) in the Czech Republic. It was not a happy place, with a subdued atmosphere and producers, consumers, traders, and processors all feeling the effects of reduced market activity.
I-Minerals Inc. is in the process of developing a suite of high-value mineral products from a deposit called the Bovill Kaolin Project. The deposit is located in Bovill, Idaho, a small town that sits at the junction of Idaho State Highways 3 and 8 in the northern part of the state, 2,000 miles west and north of the Tennessee clay fields and 5,000 miles west of the Spanish K-spar mines.
Automotive exhaust purification systems were developed in the early 1970s in response to smog in the Los Angeles basin, legislation in California, and the 1970 U.S. Clean Air Act Amendments, where the latter set specific goals for reduction of carbon monoxide and nitrogen oxide emissions by the mid-1970s.