Jangada Mines granted trial mining licence for Pitombeiras Vanadium Project
2021-07-02 13:32:38 [Print]
London-based Jangada Mines PLC said it has been granted a trial mining licence by the Brazilian National Mining Agency for its fully-owned Pitombeiras project. The licence allows 300,000 tonnes of ferrovanadium-bearing material to be extracted from Pitombeiras annually.
"As we advance towards mineral resources expansion and updated Preliminary Economic Assessment (PEA), the granted (license) provides a fundamental section to our fast-track implementation path, " the company said.
"At this stage of development, the Pitombeiras PEA has focused on evaluating a direct shipping Ore (DSO)operation for the sale of a saleable magnetite concentrate, " it added.
"As we advance towards mineral resources expansion and updated Preliminary Economic Assessment (PEA), the granted (license) provides a fundamental section to our fast-track implementation path, " the company said.
"At this stage of development, the Pitombeiras PEA has focused on evaluating a direct shipping Ore (DSO)operation for the sale of a saleable magnetite concentrate, " it added.
Ferro-vanadium 50%min In warehouse Russia
Unit:RUB/kg
China ammonium metavanadate producers' operating rate statistics by province by month
Unit: %
