Search Documents

By Elizabeth M. Smith

The kcICON design-build project in Kansas City, Missouri includes widening the existing roadway, improving interchanges and grade separation bridges, and replacing the Missouri River Bridge. The Missouri Department of Transportation (MoDOT) typically utilizes steel H-piles and steel pipe piles as driven pile support for bridges. After bidding the kcICON project, the cost of steel rose significantly and the design-build contractor used an innovative approach to reduce foundation costs without significantly affecting the project schedule. The kcICON team conducted a value engineering evaluation of alternative foundation types for use at four grade separation structures. The result of the value engineering evaluation was selection of precast, pre-stressed concrete (PPC) piles as the preferred foundation alternative. Terracon developed a test program to evaluate the performance, capacity, and suitability of PPC piles at the site using a PDA and CAPWAP analyses. This paper presents the value engineering design, rationale for selection of PPC piles, results of the pile test program, and findings during production pile driving. The collaborative approach to the project by MoDOT and the kcICON team, combined with testing and a site-specific design approach, resulted in substantial savings for the design-build contractor.

Jan 1, 2009

By Shahid Islam, Lucian Bogdan

Deep and large diameter drilled shafts use mostly bundles of Grade 60 (415 MPa) reinforcing bars as longitudinal reinforcement with rebar splices to make it longer. Lower Grade steel requires large number of bars which result in rebar congestion and difficulty in placing concrete. This leads to increased labor cost for fabrication and installation. By utilizing larger size and higher strength threadbar, the congestion of rebar can be reduced significantly and bundling of bars can be avoided. The lap splices are replaced with simple threaded couplers and end hooks are replaced with end terminators. Threadbar conforms to ASTM A615-15 and can be epoxy coated if required for corrosion protection. This paper describes an attractive value engineering of replacing Grade 60 (415 MPa) bundle of rebars with larger diameter Grade 75 (515 MPa), Grade 80 (550 MPa) and Grade 100 (690 MPa) threaded bars and threaded couplers in some specific drilled shaft projects in the USA. INTRODUCTION A drilled shaft which may also be referred to as drilled piers, caissons, cast-in-drilled-hole piles and bored piles is the key element to the foundation of massive structure. They are used for tall buildings, bridges and foundations for other applications such as retaining walls, sound walls, signs, or high mast lighting. Drilled shaft foundations are typically 3 to 12 feet (0.9m to 3.7m) in diameter cast-in-place deep foundation elements constructed in a drilled hole that is stabilized to allow controlled placement of reinforcing steel and concrete. Drilled shafts for transportation structures are commonly used to depths of up to 200 ft (61m) in the USA. Drilled shafts can be installed in a variety of soil and rock profiles, and are most efficiently utilized where a strong bearing layer is present. The reinforcing cage is typically lowered into position within the hole and then concrete placed through the center of the shaft, flowing from bottom to top through the reinforcement to fill the hole.

Jan 1, 2018

By Peter Faust, Jeremy Zorne, Timothy Siegel, Diane Fiorelli

Professional sport venue construction follows a very simple rule. Once the decision has been made to move the team to a new place, construction shall begin immediately, so that not more than one or two seasons pass by stuck in the old home. Such tight construction schedules require a different approach than traditional design-bid-build contracts. Design is mostly done on the fly, the construction schedule becomes a main risk factor and an early contractor involvement is desired. As specialty contractors become more and more sophisticated, owners, their construction managers or the general contractor have realized the value of ideas and modern technology they can bring to the table for a successful and fast project completion. Local knowledge and experience in a variety of solutions play a key role in the specialty contractor’s ability to provide added value to the project. This is also true for the specialty foundation contractor, who needs to understand the complexity of such modern structures from its integrate foundation, over the delicate concrete structure to a potentially fancy movable stadium roof. Not to mention all the modern high tech equipment which shall make such a place a great customer experience. His expertise shall enable him to propose the most suitable foundation element for the given ground condition and application. Rather to build what others have designed, his strength is to propose alternate concepts which will be faster and (hopefully) more cost effective. This paper highlights different value engineering (VE) input a specialty foundation contractor had on 3 major sports arena projects in California. Together with the entire team from owner to GC, including the Geotechnical (GEOR) and the Structural Engineer of Record (SEOR), the most efficient and best performing foundation solution can be found every time. But such an approach also requires the open mind of the owner to entertain last minute changes when the permit drawing set has already been submitted for approval.

Jan 1, 2018

By P G. Doig

Recent drops in commodity prices and economic uncertainty have seen many businesses re-evaluate their operational expenditure to ensure mine profitability. The high capital and operational cost of truck and digger fleets has resulted in loading and hauling of material being a significant proportion of a mine’s expenses (Nel, Kizil and Knights, 2011), thus it is often one of the first areas to be considered for cost reduction. If an operation requires additional trucks to maintain or improve productivity, a robust justification is crucial due to the expenditure involved.Mining schedules form the basis of productivity and cost estimations for mining operations and therefore must have a significant level of confidence with regards to achievable quantities and rates. Traditionally, a mining schedule is produced without detailed consideration of the trucking capacity or requirements. Although some mine planning software incorporates haulage predictions into schedules, most cannot model the dynamic nature of dumping and haulage. Previous studies have shown that it is necessary to have detailed haulage analysis instead of the traditional mining block centroid to dump block centroid methods for more realistic mining schedules and cost estimation (Doig and Kizil, 2013).Recent developments in software have allowed the dynamic integration of haulage analysis with mining schedules. Engineers can now create mining schedules in conjunction with dumping schedules, allowing mining schedules to reflect the restrictions created by the number of available trucks, combined with dynamic consideration of available in-pit and out-of-pit dumping locations.A study has been completed producing a mining schedule in conjunction with a dumping schedule and haulage analysis. Multiple schedules were run with various haulage strategies (including minimising rehabilitation liability) and truck availability to identify the impacts on coal production, and hence revenue. A financial analysis was then completed where a net present value (NPV) was calculated for each scenario. The study showed that trucking shortfalls can significantly impact mining schedules and cost estimations, both in terms of cost as well as revenue lost when trucks cannot maintain forecast production rates, thus dumping schedules and haulage analysis should be completed simultaneously. If dumping and haulage is not considered when planning the mining schedule, a mining business is ignorant to the impacts trucking has on the mine production, closure risk and profitability.CITATION:Doig, P G, 2014. Value impacts of truck limited scheduling, in Proceedings Life-of-Mine 2014 , pp 513–524 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

By M Gill, A Mathias

The mining industry has always been cost-focussed but in recent times mining companies have moved towards obtaining a competitive advantage through the implementation and sustainability of best practice in the areas of improved safety, operating costs, quality and productivity. This is the concept of Value In Use û that mining companies see value generated all the way to the bottom line through improved change, and those changes become an established mine practice. Many mining companies do not have the resources or the knowledge to sustainably achieve such an outcome. This has led to companies looking to their suppliers to deliver measured value to their business through partnership arrangements. Suppliers have been able to leverage their knowledge of products, product applications and services to offer alternative supply agreements that bring greater returns to their businesses while improving supplier/client relationships. Orica has developed such a partnership with Coal & Allied in the form of a Continuous Improvement Program. Coal & Allied is based in the Hunter Valley region of NSW and is the largest coal producer in that region. Both parties are contractually bound to jointly deliver Value In Use projects to Coal & AlliedÆs Hunter Valley Operations and Bengalla mine sites. It is the request of the Orica and Coal & Allied Steering Committees that this paper does not include the details of actual projects or the costs or key performance indicators associated with the program. This is to maintain the competitive advantage to both Orica and Coal & Allied through the implementation of such a program. It is in the writersÆ opinion that this paper does not lose any significance through this restriction as the most important component of the Continuous Improvement Program is not the projects themselves but the methodology behind them. With this in mind the paper will discuss the development of Value In Use offerings, the key aspects of the Coal & Allied and Orica joint program, what is a Value In Use project, how to measure its value, finally why and even more importantly what makes this program is a success.

Jan 1, 2004

By I Minniakhmetov, J Ashford

Orebodies constitute naturally occurring, commonly highly variable concentrations of minerals in the earth’s crust formed through varying and highly unpredictable processes. Orebody knowledge is a core foundation of a mining company’s asset base underpinning all decisions about Mineral Resource and Ore Reserves, future production, development and ultimately the profitability and competitiveness of a mining enterprise. The decision to invest in a mineral project is usually based upon a techno-economic evaluation of the project and having clear approval pathways to gain local community support and address social and environmental impacts. The main objective of the techno-economic evaluation is to determine the optimum development sequence for the particular orebody in question and to estimate the economic viability of the project and the future return on investment to its stakeholders, balancing the inherent value of the mineral in the ground against the costs of development and market pricing. With the exception of market-driven commodity prices, virtually all revenue and cost estimates fundamentally stem from the understanding and subsequent modelling of the orebody. A reliable estimate of the ore deposit grade and other geological value-drivers is the foundation upon which the business case for future mine development and operation is intricately dependent. Orebody knowledge is, therefore, the fundamental driver of the mineral project cycle, influencing the progression of studies and consequently, the resource company’s ability to declare Exploration Results, Mineral Resources or Ore Reserves which govern the source and cost of funding available to the project. Drilling provides a ‘vector’ to the true nature of the orebody and effectively buys time to manage the technical risk associated with the orebody. Despite its perceived high cost, in both time and money terms, drilling is the only available technology for acquiring the necessary orebody knowledge to support technical and economic studies and to minimise orebody-driven cash flow uncertainty and volatility. However, like all costs, pressure to minimise drilling budgets is ubiquitous across the minerals industry. Paired with inappropriate key performance indicators, drilling is often regarded as a cost to be minimised, rather than an investment to be optimised. Furthermore, as future deposits get deeper and more complex, the collection of orebody knowledge is increasingly on the critical path for project development. The increasing cost of data collection pertaining to these deposits increases the temptation to minimise orebody knowledge gathering at the cost of long-term value as the reduction or postponement of drilling results in greater orebody knowledge risk at all stages of the value chain. Indeed the true cost of the decision to drill less is rarely known until the mine is in operation, well after the mine project evaluation team has moved on. This paper aims to promote orebody knowledge as the fundamental source of endogenous project financial risk and, consequently, its critical importance in project financial evaluation. Furthermore, the report documents experimental research into the development of an econometric model for valuing orebody knowledge. Using the density of drilling data as a proxy measure of orebody knowledge, the proposed approach integrates well-established stochastic grade modelling techniques with the mathematical mechanics of Decoupled Net Present Value (DNPV) which, combined with stochastic grade modelling (conditional simulation), lends itself to the financial International Mining Geology Conference 2022 | Brisbane, Australia and Online | 22–23 March 2022 3 assessment of orebody knowledge risk. Based on this approach, a metric is formulated, representing the minimum value of the orebody knowledge added by additional drilling

Mar 22, 2022

By T. J. Otto, I. D. Ungerer, G. C. Lindeque, T. J. van Heerden

Anglo American Kumba Iron Ore (Kumba) continues to implement technologies focussed on improving safety and productivity; this forms part of the groups FutureSmart Mining initiative. The paper provides insights into the implementation of three technology solutions that improves the productivity of heavy mining equipment (HME). Enhancements to the short term mine planning (STMP) process, the effective use of a fleet management system (FMS) and the deployment of drones or Remotely Piloted Aircraft Systems (RPAS) are discussed. The implementation of these and other technologies contributed to a 13% and 22% increase in the overall equipment efficiency (OEE) of the primary HME at Kumba’s Sishen and Kolomela mines respectively. Four key success factors (KSF) are highlighted namely that Kumba’s technology implementation drive is a key enabler to the company’s strategy, has a strong focus on value-add, is underpinned by a holistic and integrated implementation approach and is people-centric.

Sep 1, 2021

By Eddy Dierckx

Modernization of flat rolling plants is essential to sustainably fulfill increasing market demands and to improve competitiveness. Intelligent modernizations ensure getting maximum prime yield of existing mills, even if they have gone through half a century of operation. Existing mills were designed based on former production, consumption and quality targets. Ever increasing requirements such as increase of productivity, change of product mix (e.g. new steel grades), reduction of energy consumption and improvement of product quality lead to the necessity to adapt the existing equipment to the new target. SMS group provides, besides the reliable equipment and automation solutions to successful upgrades of existing mills, also a systematic approach to develop technical and economical solutions together with our customers (conceptual engineering). This paper describes the SMS group approach to modernizations / upgrades, introduces powerful performance modules and provides a number of successful examples that have been implemented recently.

Aug 17, 2017

By A. Noble

"Linear circuit analysis (LCA) is a fundamental tool that may be used to evaluate, design and improve the performance of mineral separation. The traditional LCA methodology provides a comparative evaluation of circuit designs purely from the unit interconnections. The quantitative approach uses the analytical circuit solution to evaluate the slope of the circuit’s partition curve at the midpoint. Since the partition slope is often associated with a separation’s general selectivity, this numeric value is used to compare and rank alternative configurations. Unfortunately, the partition curve slope only reflects the separation potential of middling material. By itself, this value does not account for the relatively high unit dollar value of pure material or the gains and losses in mass yield associated with alternative circuit configurations. Realizing the value in the LCA methodology, but respecting the limitations of the partition slope valuation, the authors have derived two new performance indicators that quantitatively address pure particle misplacement (the Partition Moment of Inertia) and circuit mass yield (the Yield Score). Together, these parameters provide a better indication of separation economics in typical mineral and coal separation systems. Since the two parameters provide independent information on circuit selectivity and circuit yield, a Pareto efficiency, multi-objective function selection approach is proposed for preliminary circuit selection.IntroductionOver the past 30 years, numerous scientific and industrial studies have proposed various mineral processing circuit design methodologies that attempt to optimize the allocation of separation resources within the processing plant. Over this period, the methodologies have undergone various transitions, including the increased inclusion of process models and computationally intensive algorithms, as well as a general shift from a purely technical solution (Lauder and McKee, 1986) to partially economic solutions (Abu-Ali and Sabour, 2003; Cisternas et al., 2014). Today, circuit design is largely driven by flowsheet simulation; however, no consistent design methodology is used across the industry.One intriguing approach for circuit evaluation is linear circuit analysis (Meloy, 1983a). This method evaluates the separation potential of the circuit solely considering the unit configuration and stream interconnections. No preliminary data other than the basic circuit configuration is required to use the approach."

Jan 1, 2015

By J. H. Zietsman, S. Maharajh, J. Muller

In the chlorination process for TiO2 pigment production, blends of titania feedstocks such as ilmenite, synthetic rutile (SR), natural rutile, upgraded slag, and chloride-grade slag are reacted with coke and chlorine at a temperature of around 1000°C to form TiCl4 (the main product) and other waste metal chlorides. The TiCl4 is the main feed material for the TiO2 pigment-making process. Feeding different titania materials to the chlorinator affects the amount of coke and chlorine required for the process, the amount of waste generated, waste disposal costs, the amount of TiCl4 produced, and bed build-up rates. These factors influence the value of the feedstock. Generally, a higher TiO2 feedstock is more valued since less waste is generated and less reagents are consumed. To quantify the impact of different feedstocks on the chlorinator, a techno-economic model was developed to describe the chlorination process and estimate process variables at steady state. This paper describes the development of the model and studies in which the model has been used to quantify effects of using different feedstocks.

Jan 1, 2015

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001

By Silvio Hernández Aquije

El presente texto señala el descubrimento del yacimiento vanadífero de Minasragra a través del reporte de Yeatman-Berry en 1916 y el de Kett-Sproul en 1931. Así también señala los tipos de mineralización como la mineralización primaria y por impregnación.

Jul 1, 1955

By A. Tikhonov, D. Kipper, V. Korovin, A. Olifirenko, Yu. Shestak

The present paper deals with vanadium and molybdenum sorption from industrial wastes and intermediate processing products using Cybber macroporous strong- and weak-base anionites. Vanadium and molybdenum recovery by Cybber anion-exchange resins as well as desorption processes were studied in static and dynamic modes; their efficiency was demonstrated for that purpose. The results of the work may be used to design technologies for complex processing of both ores and industrial wastes containing vanadium and molybdenum.

Jan 1, 2011

By Qing-Yun Huang, Xiao-Yi Zeng, Bing Xie, Hong-Yi Li, Jia-Rong Yan

"In order to utilize vanadium resource in vanadium-titanium magnetite ore efficiently, vanadium distribution ratio between hot metal and slag should be improved during BF process, meanwhile the precipitating of Ti(C,N) in slag must be minimized. Effects of temperature, Ti02 content in the slag and basicity on vanadium distribution between slag and hot metal were investigated by experiment and thermodynamic calculation. The results indicated that high temperature, low Ti02 content and high binary basicity of slag were beneficial to increase the vanadium distribution ratio. The effects of temperature and Ti02 content in slag on vanadium distribution were stronger than that of slag basicity.IntroductionVanadium is an important element that is widely used in industrial fields. Most of vanadium resource is hosted in vanadium bearing titanomagnetite [l]. Vanadium bearing titanomagnetite is thus one of the domainate raw materials to produce the vanadium products. In other words, the comprehensive utilization of vanadium bearing titanomagnetite is beneficial for vanadium resource utilization. Vanadium bearing titanomagnetite sources are abundant in Pan Xi of China [4]."

Jan 1, 2013

By B. Nowak

For sources with an iron-to-vanadium ratio of far above 1, it is proposed to leach in acid and to oxidize under autoclave conditions. During this oxidation process, it is experimentally shown that divalent iron contained in this solution will be oxidized to trivalent iron, whereas free acid contained will be consumed by this reaction. In case no acid is present or already fully consumed, a solid consisting of ferric compounds and an iron-vanadium-co-precipitate will form that can be filtered from the solution. If choosing the right reaction conditions, this filter cake has an iron-to-vanadium ratio of close to 1, whereas the liquid remainder is almost vanadium free. This precipitate, identified as FeVO4, 1.1 H2O, can be processed by conventional technologies such as caustic leaching, or probably salt roasting or reduction with aluminum, yielding common marketable products.

By Porter W. Shimer

(New York Meeting, February, 1912.) IT does not seem to be generally known that some American pig-irons contain notable amounts of vanadium, and while the present investigation is far from covering the whole range of irons, it is hoped that, at least, it may serve to call attention to the importance of looking for this element. The majority of the pig-irons investigated were made in the Lehigh Valley and neighboring furnaces, using more or less New Jersey magnetite in their mixtures. Many of these ores, and probably all of them, contain a little vanadium as well as titanium; the ore from one of the largest of these mines contains 0.05 per cent. of vanadium and 0.60 per cent. of titanium. Dr. Thomas M. Drown was the first to detect the presence. of vanadium in the incrustations 1 occurring on certain pig-irons, and he also found this element in a number of magnetites, but the methods for its accurate determination had not, at that time, been well worked out. In a general way, it may be said that the Lehigh Valley pig-irons contain from 0.02 to 0.05 per cent. of vanadium and from 0.10 to 0.20 per cent. of titanium. These elements follow the silicon; that is, the furnace-conditions which produce a high-silicon, low-sulphur iron will cause the maximum reduction of vanadium and titanium, and the lower grades of iron, with low silicon and high sulphur, have a lower content of these elements. The following analyses of irons made from the same mixture, but under varying furnace-conditions, show this very well Vanadium. Silicon. Sulphur. Per Cent. Per Cent. Per Cent. NO. 1 X, . . . 0.042 3.46 0.022 No. 2 plain, . . 0.038 2.26 0.041 Mottled, . . . 0.0'29 0.52 0.106 1 Robertson and Firmstone, Note Concerning Certain Incrustations on Pig Iron,Trans., xii., 641 (1883-84).

Aug 1, 1912

By H. C. Gunning

SOME small vanadium-bearing deposits on the west coast of British Columbia about 100 miles north of Vancouver are of interest for several reasons. They are of a type that is, so far as we know, unique. They are difficult to identify as being vanadiferous so that, unless they are described, other similar deposits could easily pass unrecognized. Furthermore, although none of them has as yet been proven to be of commercial proportions, no good reason is apparent why larger, and therefore valuable, deposits should not occur under similar geological conditions. The original discovery on Quadra island was made in 1932 and has been recorded by H. V. Ellsworth and H. C. Gunning (l). Since 1932, prospecting in the area has revealed other similar deposits, one about a mile south of the original and another some ten miles to the east, near Menzies bay on Vancouver island. The Quadra Island showings are a mile and a half north of the head of Gowland harbour, a small inlet that is easily reached by gas boat from Campbell river, about four miles to the southeast on Vancouver island. The deposits were examined by the writers in the spring of 1943 in connection with field work sponsored by the Department of Geology, University of British Columbia. We are indebted to Mr. G. A. Dirom and Mr. Lothrop, of Vancouver, for helpful data on the Menzies Bay deposits, and to Dr. V. Dolmage for making a brief trip to Gowland harbour and discussing the deposits.

Jan 1, 1944

By D. B. Dreisinger, M. R. Tavakoli

Vanadium has been produced from a variety of sources. This metal is known to make aqueous solutions of complex speciation as a function of vanadium concentration and pH. Considering the method of leaching, the impurities in the PLS and the planned vanadium product, different extractants and flowsheets can be applied for solution purification. In this paper, purification of vanadium leaching solution using organophosphorus, solvating and amine extractants will be reviewed. This review will be focused on vanadium separation from iron, molybdenum and uranium which are often present in vanadium resources including primary ores, fly ashes and spent catalysts.

Jan 1, 2014

By D. B. Dreisinger, M. R. Tavakoli

"Vanadium has been produced from a variety of sources. This metal is known to make aqueous solutions of complex speciation as a function of vanadium concentration and pH. Considering the method of leaching, the impurities in the pregnant leach solution, and the planned vanadium product, different extractants and flowsheets can be applied for solution purification. This paper reviews the purification of vanadium leaching solution using organophosphorus, solvating, and amine extractants. This review focuses on vanadium separation from iron, molybdenum, and uranium, which are often present in vanadium resources such as primary ores, fly ashes, and spent catalysts.RÉSUMÉ Le vanadium est produit à partir de diverses sources. Ce métal est connu pour permettre des solutions aqueuses de spéciations complexes en fonction de la concentration du vanadium et du pH. En tenant compte de la méthode de lixiviation, des impuretés dans la solution mère de lixiviation et du produit de vanadium planifié, divers agents d’extraction et schémas de traitement peuvent être mis en oeuvre pour purifier la solution. Le présent article étudie la purification de la solution de lixiviation du vanadium au moyen d’extractants organophosphorés, solvants et aminés. L’étude cible la séparation du vanadium du fer, du molybdène et de l’uranium, lesquels sont souvent présents dans les ressources de vanadium telles que les minerais primaires, les cendres volantes et les catalyseurs usés."

Jan 1, 2016

By A. D. Hammond

"The drop in iron ore prices has claimed an unwitting casualty in vanadium. Vanadium is dominantly produced as a coproduct of steel production. The recent shutdown at EVRAZ’s Mapochs steel-vanadium operations in South Africa has cut off 10 percent of the world’s vanadium output. In February 2015, Australia’s Atlantic Ltd. suspended operations at its Windimurra iron-vanadium complex after a fire caused severe damage at the plant. Since then, challenging market conditions has resulted in the permanent closure of this operation.This decoupling of vanadium production from integrated iron ore producers presents an opportunity for vanadium exploration companies to target single-product deposits. This trend is manifested in the increasing number of pure-play vanadium ventures around the world.The mine production of vanadium is dominated by three countries — China, South Africa and Russia, which collectively produce 96 percent of the world’s vanadium. While the use of vanadium as an alloy in the steel industry remains the largest application for this metal, growth in demand is expected to come from the renewable energy industry in the form of batteries for energy storage.This article summarizes the current state of vanadium exploration, briefly describes the vanadium market and lists sources of future demand for the metal.Trend in vanadium explorationThe most active participants in the current vanadium exploration are pure-play vanadium ventures in Brazil, South Africa and Australia. These ventures are targeting deposits with higher vanadium grades than those typically mined in titaniferous magnetite operated by integrated steel-vanadium producers.The 10 percent shortfall in vanadium production resulting from the shutdown at EVRAZ’s Mapochs is expected to be partially compensated by Largo Resources’ Maracás Menchen vanadium operation located in the state of Bahia in Brazil. It commenced operation in August 2014 and is expected to produce between 7.6 and 8.6 kt (8,421 and 9,523 st) of V2O5 in 2016 at a target production cost of $3.71/lb (Largo Resources, 2016). This is the first primary vanadium operation to be placed in production in the Western Hemisphere in more than 35 years."

Jul 1, 2016