https://www.mining-technology.com/news/ ... re-earths/Serra Verde begins Phase I commissioning of Brazilian rare earths mine
Phase I of the Pela Ema deposit is anticipated to produce at least 5,000tpa of rare earth oxide.
June 23, 2023
Brazilian miner Serra Verde has started Phase I commissioning of its Pela Ema deposit in Minaçú, Goiás, Brazil.
The company is developing an integrated rare earth element (REE) mining and processing operation in the country and secured a capital injection of $150m (R716.05m) in January 2023 to advance the project.
Controlled by global investment company Denham Capital, Serra Verde expects Phase I of the Pela Ema deposit to produce at least 5,000 tonnes per annum of rare earth oxide over its operational life of 25 years. It has significant potential to increase capacity through plant optimisation.
In a press statement, Serra Verde said: “The significantly defined resource facilitates a potential Phase II expansion of the Pela Ema deposit, with the objective of doubling run-of-mine production before the end of this decade.”
Once operational, the deposit is expected to produce a unique mineral concentrate comprising a high-value combination of both heavy and light magnetic REEs, including neodymium (Nd), praseodymium (Pr), terbium (Tb) and dysprosium (Dy).
The four elements are said to be essential for manufacturing permanent magnets, which are used in electric vehicles and wind turbine generators, among other green technologies.
Serra Verde CEO Thras Moraitis said: “Serra Verde is a world-class operation and the quality of its products and growth options make it a unique asset with the potential to be a cornerstone upon which the permanent magnets sector can begin to diversify its supply chains.
“We have already commenced work on the numerous growth options at our disposal, including debottlenecking and improving recoveries in our current phase, accelerating the potential Phase II expansion of the Pela Ema deposit and further exploration of our large tenement.”
Ils avaient trouvés 150 millions de dollars de financement en janvier :
https://www.bnamericas.com/en/news/serr ... oias-stateSerra Verde obtains US$150mn for rare earth project in Brazil's Goiás state
Published: Friday, January 13, 2023
Brazil's Mineração Serra Verde, controlled by global investment firm Denham Capital, received a capital injection of US$150mn to advance its rare earth element project in Brazil’s Goiás state.
The funds were injected by investment firms Energy and Minerals Group (EMG) and Vision Blue Resources (VBR), Denham Capital said in a statement.
"As a result, Serra Verde is now expected to be fully funded through to production and cash flow generation, with additional capital available for optimization and expansion-related activities. Together, Denham, EMG and VBR’s participation will accelerate and expand the production of REEs, specifically those used in permanent magnets critical to the transition towards a low carbon economy," the company said.
Construction is underway of phase I of the Pela Ema deposit, which is expected to produce at least 5,000t/y of rare earth oxide with a 25-year mine life, and with significant potential to increase capacity through initiatives such as plant optimization and debottlenecking, according to the statement.
The mine, in Minaçú municipality, will produce a concentrate containing a combination of both heavy and light magnetic REEs, including neodymium, praseodymium, terbium and dysprosium, it added.
"The company has arranged all required permits and production is expected to start in the second half of this year. "Serra Verde is on track to be only the third non-Asian scale producer and the first to produce all four critical magnetic REEs," said Denham Capital.https://www.mining-technology.com/news/ ... re-earths/