The pre-stripping programme at Serrote has so far handled more than one million tonnes of material. Credit: Dariusz Sankowski from Pixabay.

Mineração Vale Verde (MVV) and Appian Capital Advisory announced that the first blast has been conducted at the Serrote copper/gold project in Brazil.

According to Appian, the pre-stripping programme has so far handled more than one million tonnes of material.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Construction and engineering works are approaching final stages, with project start-up expected in the second half of next year. The Serrote deposit is located in Alagoas, Brazil.

By the end of this year, MVV is planning the construction of the TSF spillway and conveyance system tunnel, energisation of the 230kV power system and also finalising offtake arrangements for the copper-gold concentrate at Serrote.

MVV & Appian Brazil CEO Paulo Castellari said: “Serrote continues to demonstrate robust economics with potential upside, and we are seeing strong interest from offtake and financing partners, which underlines the progress that MVV and Appian have made in developing and derisking the project, along with the attractiveness of Serrote’s high-grade copper-gold concentrate.

“Environmental, Social, and Governance efforts continue to be fundamental to our business, and I am proud of our actions to help combat the Covid-19 pandemic in Brazil, to support and partner with the communities in which we operate.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Appian also announced its support to combat the Covid-19 outbreak in the country. The company provided $600,000 charitable support package to help combat the pandemic in the regions in which the company’s portfolio companies operate.