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Largo's Brazilian mine on schedule despite setbacks

Keywords: Tags  Largo Resources, vanadium mining, ferrovanadium production, Maracas project, Andrew Hancharyk, Daniel Fitzgerald

NEW YORK — Largo Resources Ltd. said its Maracás vanadium project in Brazil is on schedule for commissioning at the end of 2013 despite delays in the delivery of some equipment.

Mechanical erection of the electrical switchyard and main substation is complete and pre-commissioning has recently been concluded, the company said. Final commissioning of these areas will occur after completion of the 86-kilometer (53.4-mile) power line, which is half finished.

Erection of the crushers and conveyors is also complete, with pre-commissioning of the crushing circuit to commence soon.

Fabrication of the majority of the items associated with the 90-meter kiln and 34-meter cooler is now complete. Most of the items are in transit to Brazil or expected to ship in June.

Due to problems during the fabrication process in China, four of the additional rollers required recasting and will be delivered later than the other six. While the kiln’s erection schedule has been revised as a result, Largo remains on track for commissioning the project by year-end, provided revised shipment dates are adhered to, the Toronto-based company said.

The Maracás Mine is targeted to produce 4,899 tonnes of ferrovanadium annually over 29 years (, Jan. 22).

The company has also appointed Andrew Hancharyk as chief legal officer. Hancharyk has also worked at First Quantum Minerals Ltd. and Sherritt International Corp.

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