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Evraz Vametco granted new-order mining right for vanadium mine

  • Friday, May 10, 2013
  • Source:

  • Keywords:Evraz Vametco new-order mining vanadium mine
[Fellow]
[Ferro-Alloys.com] The Department of Mineral Resources (DMR) has granted the conversion of the old-order mining right for Evraz Vametco’s North West-based vanadium mine to a new-order mining right.
 
The application for the new-order mining right was submitted in 2004 and granted in 2013 for a period of 25 years. Evraz Vametco would now embark on the process of registering of the new-order mining right.
 
CEO Malcolm Curror said the new-order mining right would guarantee stable and uninterrupted production for the next 25 years.
 
The mine is a producer of Nitrovan, a unique vanadium-nitrogen product, which, according to the company, allows steelmakers to use less vanadium in high-strength steels, thus reducing vanadium costs.
 
Other products include vanadium trioxide and ammonium metavanadate.
 
 
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