Largo Resources connects Brazilian vanadium project to national grid
TORONTO (miningweekly.com) – TSX-V-listed Largo Resources this week announced that the Maracás vanadium project, in Bahia, Brazil, was now connected with an 11 MW, 86 km electrical power line to the national grid.
Largo said now that the main power line was complete, commissioning of the crushing system would start shortly, as well as testing and precommissioning of other completed systems.
"This is an extremely exciting milestone for the project. With power in place we can now begin the commissioning process. Most system areas of the plant are complete or nearing completion and will be commissioned and operational prior to the end of the year, including the crushing and milling systems," president and CEO Mark Brennan said.
He added that the majority of system areas at the project would be commissioned well ahead of full commissioning of the plant, which would start as soon as the kiln construction was complete during the first quarter of 2014.
“We believe this will provide us with a useful cushion to our initial ramp-up schedule and an ability to better address potential operational flaws well prior to lighting the kiln and beginning production," he said.
The project's water treatment plant was also recently successfully completed and commissioned.
Largo had started construction of its $235-million Maracás project in October 2012, by pouring the first concrete for service water tanks. The mine is expected to have a life of 29 years, during which it would produce an average of 11 400 t/y of vanadium oxide.
Vanadium is an important part of many steel alloys and one of its most important uses is as a catalyst to produce sulphuric acid.
A 2013 preliminary economic assessment placed a net present value of $554-million at an 8% discount on the project, with an internal after-tax rate of return of 26.3%.
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