Largo Resources canada
“ India is producing low-quality steel , but they are the world ’ s second largest steel producer after China . Over a period of time , we expect India ’ s consumption of vanadium to also increase .”
Social Responsibility Along with actively developing the Maracas project , Largo is striving to improve the community in which it operates . The company provides various programs and initiatives aimed at improving life for residents , including health and safety initiatives , community programs and environmental actions .
“ We have a very strong environmental record that is greatly appreciated by people around the community ,” says Brennan .
“ We ’ ve donated 450 living quarters to the community , which were built as living quarters for the construction of the Maracas project . Once the final contractors have evacuated , we ’ ll hand it over to the community and we plan on handing over another 450 living quarters to donate as a school once the project is finished . We ’ ve also set aside 2,400 hectors out of 4,800 for environmental purposes .”
With almost a 60 percent unemployment rate , the success of the mine has propelled economical benefits the residents of Maracas didn ’ t have before .
“ Since we started construction in 2012 we ’ ve seen a surge in the community in terms of economic benefits with the addition of hotels , restaurants , and shops ,” says Brennan . “ We also provide professional qualification programs and sustainable projects that allow job creation and income for the local community .”
The Maracas project is expected to generate some 300 jobs at the start of operations and 400 new jobs when it reaches full capacity .
Endless potential The future is looking grand for Largo Resources . With production of the Maracas Vanadium Project slated to begin this month , the company is gearing up to put vanadium on the map .
Largo Resources expects the mine to reach an output rate of 9,600 t / y of vanadium pentoxide within the first 12 months with the second
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