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Largo vanadium mining project delayed

Keywords: Tags  Largo Resources, Maracás, vanadium, ferrovanadium, Mark Brennan, Daniel Fitzgerald


NEW YORK — Largo Resources Ltd. has pushed back the commissioning of its Maracás vanadium project in Brazil by one month to February 2014.

The Toronto-based company previously disclosed a delay because it needed to recast four of the support rollers required to erect the project’s kiln (amm.com, June 17).

"Delayed delivery of the rollers has forced Largo to revise its final schedule for the mechanical completion of the kiln area, and therefore for full commissioning of the Maracás vanadium project, by approximately one month to February 2014," the company said.

"All other system areas at Maracás remain on track and are expected to be commissioned before, or during, the fourth quarter of 2013," Largo president and chief executive officer Mark Brennan said. "Each system area will have been dry and wet tested and will therefore be ready for operation upon the completion of the kiln. As the rollers are now on a ship to Brazil, we are very confident that our revised February target date will be met."

The Maracás Mine is expected to produce 4,899 tonnes of ferrovanadium annually for 29 years.


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