Report released on vanadium resources contained in the asphaltite deposits of Central Peru

News provided by

Hammond Swayne LLC

13 Jan, 2015, 09:00 ET

TUCSON, AZ, Jan. 13, 2015 /PRNewswire/ - Hammond Swayne LLC, a mining consulting firm established in Arizona and Lima, Peru, announces the release of a study on the vanadiferous asphaltite deposits of Central Peru. The study identifies several targets which could become a potential source of vanadium to meet the future demand for this metal.

The report covers the history, geology, processing and interpretation of the vanadiferous asphaltite deposits of Central Peru. The study is based on data collected from North American and Peruvian sources that spans over 100 years. An entire section is dedicated to Minas Ragra, the richest vanadium mine in history, as detailed knowledge of this exceptional deposit could serve to guide future exploration of other asphaltite deposits in the region.

During the first three decades of the 1900s, one asphaltite deposit in Central Peru, Minas Ragra, produced 52% of the world's vanadium. Minas Ragra was the first industrial-scale vanadium operation to be placed in production and it was this production which effectively dropped the price of vanadium from $4,792/lb to as low as $5.50/lb.

The total production of Minas Ragra amounted to 43,023 tons of vanadium pentaoxide (V2O5), equivalent to 22% of the world production in the period 1907-1955. This remarkable distinction is attributed to its high-grade ores reporting up to 7% V in the core of the deposit, which consisted of patronite, a vanadium sulfide containing 22% V. The total production of V2O5 at Minas Ragra is valued at $548 million in today's dollars.

Sporadic exploration campaigns were conducted in the region in the early 1900s to identify other vanadium deposits to compete with Minas Ragra. Although several were found none were placed in operation. No documented exploration efforts for vanadium have been conducted in Peru in the 60 years since the demise of Minas Ragra.

The constant vanadium content and single-product characteristics of the vanadiferous asphaltites of Central Peru, together with its proven record of production are compelling reasons for renewed exploration interest in these deposits.

About Hammond Swayne LLC
Hammond Swayne LLC offers mining consulting and GIS services to clients in Peru and North America from its two locations in San Manuel, Arizona and Lima, Peru.

SOURCE Hammond Swayne LLC

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.