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Largo Resources Ltd.
Best Strategic Mineral Company 2019 Headquartered in Toronto, Canada, Largo Resources Ltd. is a powder at the Maracás Menchen Mine located in Bahia State, Brazil. secrets behind its phenomenal success. Largo Resources is one of the highestgrade, lowest cost producers of vanadium in the world. This makes the firm one of the preferred producers of the metal with regard to the various applications of vanadium. Vanadium is a strategic metal primarily used as a strengthening alloy to steel and titanium. Small amounts of vanadium, added to steel makes it stronger, tougher and lighter. In its pure form vanadium is a soft, grey, ductile element primarily derived from mined iron ore and steel slag. A small amount of vanadium forms carbides in steel and promotes fine grain size, a process which imparts hardness, wear
resistance, seismic resistance and increased strength to the steel. Currently, almost 91% of vanadium is used in the steel industry. The global steel industry is rapidly growing, as are the uses for vanadium. For example, the mineral has uses in the energy space, as companies have developed the vanadium redox flow batteries, which use vanadium ions in different states of oxidation to store potential chemical energy are considered to be a competitive alternative to lithium-ion technology for large-scale, long duration energy storage. With power plants rapidly changing their power output to keep the grid in balance, they
deviate from their most efficient operating point, increasing fuel use and emissions. A viable and cost-efficient solution it to take advantage of renewable energy storage and release it to the grid at the optimal time to avoid shortfalls and blackouts. A vanadium redox battery provides the storage capacity, large and small to do so. In Latin America, Largo Resources’ Maracás Menchen Mine property totals 17,690 hectares and is located in the eastern Bahia State of Brazil. The mine is roughly 250 km southwest of Salvador (capital of Bahia). The Maracás Menchen Mine has excellent access by road. The town of Maracás has a population of approximately 30,000.
4 LATIN AMERICA NEWS / Business Awards 2018
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Executive Package: 2,405 USD • • • • • • • •
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Productos Polimex
Products Provider - Brazil For more than three decades, Productos Polimex has been dedicated to providing the highest out more. Established in Mexico more than 30 years ago, today Productos Polimex is dedicated to the development, design and manufacturing of heating systems, machines, accessories and services for stress relieving, electric furnaces, electric trace, temperature controls and sensors. Since the beginning the firm’s main purpose has been customer satisfaction and import substitution, fulfilling National and International Quality Standards. This ensures that clients always receive support and service they can rely on when they work with this dedicated company. The firm’s philosophy is to
promote solutions in industrial heating systems, manufacturing, designing and commercializing products that meet national and international quality standards through innovation to be highly competitive. As a Mexican company, Productos Polimex competes with many manufacturing workshops but the firm has prospered over the years as it always offers the best option, with high-quality heating products. The quality of the firm’s products has been so well-known that many companies outside from Mexico ask for the firm’s products, assistance and training. Since inception the firm’s products and staff have reached many countries all across Latin
America, including Guatemala, Costa Rica, Ecuador, Honduras, Chile, and Peru. Among the firm’s illustrious international customers are CFE, PEMEX, McDermott, Grupo Bimbo, Cargill, Caterpillar, Motorola, Chrysler, General Electric, Ford Motor, Cessna, Alstom, Unilever, and Zoltek.
Looking to the future, expansion is the ongoing focus of the team at Productos Polimex, with the firm seeking to build its presence across central America. The firm is also eager to continue to adapt around emerging industry developments to ensure continued excellence for its valued clients.
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Company: Productos Polimex Name: Jesús Pineda Address: Lago Mask 124, Anáhuac, 11460, CDMX Telephone Number: +52 55 5386 1113 Web Address: www.polimex.mx
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