Tag Archives: Arão Portugal

Amarillo Gold to receive first Metso Outotec modular FIT Crushing Station

Bulk handling, Comminution of minerals, Mineral processing, Mineral project development, Mining equipment, Mining services, Precious metals, , , , , , , , , ,

Amarillo Gold Corp is to become the first company to install Metso Outotec’s modular FIT™ Crushing Station at its Posse gold project in Goiás State, central Brazil.

The new crushing and screening solution was introduced by Metso to the markets in 2020, and Amarillo Gold will be the first site where it will be installed, the mining OEM said. The solution has been designed to bring significant savings of resources and time to mining operations.

“Amarillo Gold has a strong social licence to operate in the Mara Rosa property where the Posse gold project is located,” Arão Portugal, Country Manager at Amarillo Gold, said. “Our aim is to build a modern, sustainable mining operation, and Metso Outotec’s FIT Station fulfills our ambitious targets for the process.”

The FIT Station to be delivered to Posse has a design capacity of 540 t/h of run of mine with an average production of 102,000 oz/y of gold (years 1 to 4). The station consists of crushers, vibrating feeders and screens, as well as conveyors and related structures and other equipment.

Amarillo Gold is advancing two gold projects in Brazil. The Posse gold project, which has resources of around 1.2 Moz of contained gold, is in the company’s Mara Rosa property in Goiás state. The project will operate an open-pit mine and carbon-in-leach operation with dry stack tailings.

Guillaume Lambert, Vice President, Crushing at Metso Outotec, said: “We are very proud to have the honour to work with Amarillo Gold. They are a frontrunner aiming to select the best technology for their project. Metso Outotec’s sustainable FIT crushing stations are a good fit with this objective, as they are designed for capital expenditure reduction and shorter lead times, with ease of installation and maintenance.”

Amarillo Gold powers up Posse gold development with Enel Brasil deal

Mineral project development, Mining services, Power supply for mines, Precious metals, , , , , , , ,

Amarillo Gold Corp says it has made a significant step toward building its Posse gold mine in Brazil, signing a commitment agreement with Enel Brasil, the state electric power utility, to build a dedicated power line to the company’s Mara Rosa Property in the State of Goiás.

Arão Portugal, Amarillo’s Country Manager for Brazil, said: “Once complete, this power line will be a much-needed lasting legacy, enhancing the power grid infrastructure of the communities in and around Mara Rosa. It also represents our commitment to operational excellence and building strong local infrastructure.”

The 67-km-long 138 kV power line will connect Posse with the Porangatu substation and supply all of the electricity needed for the project. Amarillo is overseeing the engineering and permitting process, assisted by Enel. Construction can start once the permit for the power line is received. It will cost about BRL36 million ($6.6 million) to build and is expected to take around 12 months.

A definitive positive feasibility study released in June showed that Posse is expected to produce gold at an all-in sustaining cost of $656/oz, based on a gold price of $1,730/oz and a foreign exchange rate of 5.3 BRL to one US dollar. It came with an initial mine life of 10 years, initial gold production of 104,000 oz/y, and an after-tax net present value (5% discount) of $360 million.

Mike Mutchler, Amarillo’s Chief Executive Officer, said of the power line progress: “We have achieved another important milestone in Posse’s development, even as we wait for the License to Install (LI) from the state regulators.”

The governor of the State of Goiás signalled work was progressing on finalising LIs for 14 mining projects in Goiás during a meeting announcing mining investment in the state on January 25.

Meanwhile, LQ Consulting and Management Inc has been hired as Amarillo’s project management team for Posse, and has begun work on a project execution plan that will help management re-evaluate the construction timeline.