THE METAL FOR THE FUTURE
Energy storage
applications could
dramatically increase
demand growth
The main problem with current alternative energy production
(wind, solar) is the lack of storage capability required for off-peak
usage. Vanadium is the future metal in batteries due to its
low self-discharge, long lifespan and ability to provide
grid-level electricity storage.
Growing global
demand for vanadium
Vanadium is an essential ingredient in the steel industry
as a strengthening and anticorrosion additive. Growing use
of high strength steel and new battery solutions (Vanadium Redox
Battery) drive the increasing demand for vanadium. Vanadium is
also used in tool steel alloys, titanium alloys and chemicals.
World class
resource with excellent
exploration potential.
Current ore reserve of 99 million tonnes in the old pit supports
over 30 years of production at mining rate of 3.25 million tonnes
per annum. The magnetite gabbro extends 15 km to the west
of the pit with significant exploration potential.
Conventional
processing method
reduces technology risk
Concentrating involves conventional crushing and grinding
followed by wet magnetic separation. The concentrate is
then converted into iron metal and vanadium slag through
smelt-reduction process. The refining process converts
the vanadium slag into ferrovanadium.
Mining with care
Mustavaaran Kaivos Oy strives to extract
the maximum amount of useful products from the ore
at minimal environmental impact. Our plan is to use biomass
in the production of energy and charcoal, which can partly
replace fossil coal as reductant in the smelt-reduction process.
In our process we can also recycle waste slag from steel mills.
Office: Asemakatu 37, FI-90100 Oulu, Finland
Tel. +358 8 370 090
Email: [email protected]
www.mustavaarankaivos.com