Canadian company to invest BRL 54 million to explore for iron ore and vanadium in Tauá – Negócios

Ceará is about to confirm another investment in the mining sector. According to the Secretary of Economic Development and Labor of the state government, the Canadian company mining raft is expected to invest R$ 54 million in the initial operation.

The contribution will be paid for the exploration of iron ore and vanadium in the municipality of taua. There is, however, no forecast for the start of operations in the state at this time.

In the coming weeks, the Canadian company and the state government are expected to sign a memorandum of understanding so that work can begin.

potentials explored

In addition, the Secretary of Economic Development of Ceará confirmed, during the opening ceremony of Proenergia 2021, that the State had been selected for a program of the Ministry of Mines and Energy (MME) for a study of validation of the mining potential to be explored.

“We are making an agreement with the CPRE, which is linked to the Ministry of Mines and Energy, to choose three states where an in-depth study of the mineral potential of the mineral reserves will be carried out.

Energy sector event

Proenergia is an annual event organized by the Union of Energy Industries and Services of the Electrical Sector of the State of Ceará (Sindienergia-CE), in partnership with the Federation of Industries of the State of Ceará (FIEC) and the Brazilian Service support for micro and small enterprises (Sebrae).

This year’s inauguration took place in the presence of Minister Bento Albuquerque (Mines and Energy).

What is vanadium?

Vanadium is a metal and has a solid state, with a bright, clear color. It has corrosion resistance and low density, being added to steel alloys.

Its composition also allows the construction of light and very resistant materials.

Elmer Hayward

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