Canico Resource
Encyclopedia
Canico Resource Corp. is a Vancouver, British Columbia based junior resource company focused on the development of the Onça-Puma nickel
laterite project located in Para State, Brazil
. This is a large high grade, open- pittable deposit which is one of the world's best undeveloped nickel projects.
According to the feasibility studies, the plant will have a nominal capacity to produce 57,000 tons of nickel per year and its development will demand investments of US$ 1.1 billion. Production start up of the first module is scheduled for 2008.
Canico Resource was acquired by Companhia Vale do Rio Doce (CVRD) in December 2005. CVRD, a Brazilian company, headquartered in the city of Rio de Janeiro, Brazil, is the largest metals and mining company in the Americas and one of the largest in the global metals and mining industry.
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...
laterite project located in Para State, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
. This is a large high grade, open- pittable deposit which is one of the world's best undeveloped nickel projects.
According to the feasibility studies, the plant will have a nominal capacity to produce 57,000 tons of nickel per year and its development will demand investments of US$ 1.1 billion. Production start up of the first module is scheduled for 2008.
Canico Resource was acquired by Companhia Vale do Rio Doce (CVRD) in December 2005. CVRD, a Brazilian company, headquartered in the city of Rio de Janeiro, Brazil, is the largest metals and mining company in the Americas and one of the largest in the global metals and mining industry.