Save
PrintSome 90 tonnes were produced in the third quarter, taking the nine-month tally to 188 tonnes
Ferro-Alloy Resources Limited (LON:FAR) has released a production and progress report marking a 72% rise in vanadium output for the nine-months ended September 2020.
The company said it produced 188 tonnes of vanadium pentoxide from its operations in Kazakhstan, bolstered by a company-record 90 tonnes in the third quarter.
"The good work achieved so far at the existing operation is paying off and this can be seen by the record levels of production seen in recent months, in particular during August, and that is notwithstanding the unreliable power supply and COVID-19 sometimes holding us back,” Nick Bridgen, Ferro-Alloy chief executive said in a statement.
“With the recent funding secured, we will be further building the connection to the adjacent high voltage power line, as well as continuing to make enhancements to the process plant, and I am therefore confident that we should continue to see further increases in production in the near term," Bridgen added.
Commissioning work continues to progress, to extract molybdenum, which will allow the generation of additional income.
The company also noted that it has signed an agreement with the Institute of Metallurgy and Enrichment in Almaty to start the production of commercial samples of vanadium electrolyte.
"The technology we recently developed for the production of electrolyte for vanadium flow batteries directly from ammonium metavanadate will allow us to take part in the growing clean energy revolution,” Bridgen noted.
He added: “The commissioning of equipment to extract molybdenum from the high-grade raw materials treated in the pyrometallurgical line will provide a useful additional income without further raw-material costs. I look forward to providing further production and operational updates in due course."
Source: Mining.com
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:wenxin]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think