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The mine boasts one of the highest-grade vanadium resources in the world and is one of the lowest-cost producers of the material in the vanadium industry. Construction at the Maracás Menchen Mine commenced in Q2 2012 and initial production of vanadium flake commenced in Q3 2014. Largo has a take-or-pay off-take agreement with Glencore International Plc. for 100% of its vanadium material and has under two years remaining in the contract.
Largo Resources Ltd.
Looking back, 2018 was a transformative year for Largo Resources, as the firm achieved multiple production records as 2,595 tonnes of V2O5 in Q4 2018 that is 8% over nameplate capacity and FY 2018 production of 9,830 tonnes of V2O5. On the back of historic vanadium prices lending support to the company’s record financial performance as the third quarter 2018 cash flows before non-cash working capital items of $127.5 Million, on revenues of $149.5 Million and net income before tax of $91.7 million in Q3 2018.
Vanadium at the Maracás Menchen Mine is contained within a massive, titaniferous magnetite The firm’s workforce has been possesses very low levels of extremely dedicated and Nov18763 contaminants, like silica (SiO2). committed to the Maracás The entire strike length of the operation as evidenced by the Maracás Menchen Mine property multiple operational records is rich in vanadium, hosting achieved throughout 2018. many deposits of vanadiumIndeed, the secret behind its rich titaniferous magnetite phenomenal success is his team! mineralization particularly at the The engagement of Largo team is Campbell Pit and other deposits outstanding and the guarantee that such as Gulcari B, Novo Amparo the company will keep improving Largo Resources Norte and Sao Jose. These its operation, producing the Ltd. unique features make extracting best quality V2O5 products and and processing the vanadium into delivering great results. Looking its final saleable product much ahead, Largo will remain extremely easier, significantly lowers the committed to ensuring ongoing operating costs of production. success for this dedicated and dynamic company. Ore from the mine is crushed, milled, and sent through a Seeking to build upon this magnetic separator to produce impressive success, Largo a concentrate. This concentrate Resources will continue to drive has the highest grade in the innovation within the vanadium world (3,20% V2O5), and market to ensure that it remains is then processed through a key player in this vital world pyrometallurgy and chemical market. The firm’s vision is to Headquartered technologies into vanadium be the lowest-cost, highest- in Toronto, Canada, Largo Resources Ltd. is a pentoxide high purity vanadium or grade vanadium producer in the vanadium powder where it is then world while maximizing overall bagged or packed into barrels shareholder value and continually powder at theofMaracás Menchen Mine located in Bahia State, Brazil. for sale. Largo utilizes industry maintaining the respect its proven equipment and processes employees, communities and to produce vanadium with new shareholders. This will remain an technologies and innovation ongoing focus for the company as to reach high standard level of Largo looks towards a bright secrets behind itsand phenomenal success. process efficiency, low cost and prosperous future. minimum environmental impact. Largo Resources is resistance, seismic resistance and deviate from their most efficient
Largo Resources Ltd.
Best Strategic Mineral Company 2018
The Company announced an expansion plan in Q2 2018 to increase the nameplate capacity production rate at Maracás from 800 tonnes of V2O5 per month to1 ,000 tonnes, being an increase of 25%. The expansion ramp-up is expected to begin in Q3 2019 and the Company should reach the increase nameplate production rate in the same quarter. The mine is projected to produce between 10,000 and 11,000 tonnes of vanadium pentoxide in 2019.
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one of the highestincreased strength to the steel. grade, Resources lowest Company: Largo Ltd. cost producers of Currently, almost 91% of vanadium in President the vanadium Name: Paulo G. Misk, and COO. is used in the steel world. This makes the firm one industry. The global steel industry E-mail: paulo.misk@largoresources.com of the preferred producersAvenue, of the Suite is rapidly Address: 55 University 1105,growing, Toronto,as are the metal withCanada, regard toM5J the various uses for vanadium. For example, Ontario, 2H7 applications of vanadium. the mineral has uses in the Web Address: www.largoresources.com energy space, as companies Vanadium is a strategic metal have developed the vanadium primarily used as a strengthening redox flow batteries, which use alloy to steel and titanium. Small vanadium ions in different states amounts of vanadium, added to of oxidation to store potential steel makes it stronger, tougher chemical energy are considered and lighter. In its pure form to be a competitive alternative vanadium is a soft, grey, ductile to lithium-ion technology for element primarily derived from large-scale, long duration energy mined iron ore and steel slag. A storage. small amount of vanadium Business Awards 2018 forms carbides in steel and promotes With power plants rapidly fine grain size, a process changing their power output to which imparts hardness, wear keep the grid in balance, they
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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.
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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.
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LATIN AMERICA NEWS / Business Awards 2018 7
LATIN AMERICA NEWS / Business Awards 2018 5
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Jeunesse Llc
Products Company 2018 Thanks to its vast experience in the market, Jeunesse has developed a passion for redefining learn more. Founded in 2009, Jeunesse has become a global force with a presence in 146 countries, including 13 in Latin America, and $1.46 billion in sales for 2018. Clearly, the company is realizing its mission to create a positive impact in the world by helping people look and feel young. Eager to share their revolutionary youth enhancement products with the world, Founders Randy Ray and Wendy Lewis set out to create one of the most rewarding compensation plans in the direct selling industry. The result is a cutting-edge, global platform that has harnessed the power of technology to share innovative products, training and support. Today, thousands of people around the world are helping the firm to grow and flourish. Together they are creating a global movement that empowers people to reach their full potential — no matter their age, race, rank or income.
Through its unique platform Jeunesse is bringing people together under the simple idea that everyone deserves a chance to live a youthful, healthy life and discover financial freedom. The company continues to innovate by introducing cuttingedge products as part of the Y.E.S. Youth Enhancement System. This synergistic line-up of products delivers skin care, hair care, beauty and nutrition benefits simply unavailable anywhere else.
Looking to the future, Jeunesse aims to touch many more lives in every corner of the planet. While grateful for and humbled by the success achieved thus far, the founders and distributors are far from satisfied. The firm’s overall focus is to help millions more “live Jeunesse” through best-in-
class products and a fulfilling, life-changing opportunity. The unified effort of the company and its distributors will help ensure a bright and exciting future. As Chief Visionary Officer Scott Lewis loves to say, “One Team. One Family. One Jeunesse.”
The Jeunesse brand is gaining a higher profile in Latin America. The Jeunesse Arena in Rio de Janeiro makes it nearly a household name in a major market — and more than 18,000 filled the arena in November for a Jeunesse EXPO there. The company’s Nevo line is the official energy drink of Brazil Carnaval. Operations recently began in Argentina, and the region as a whole contributed more than $300,000 to local efforts of Jeunesse Kids, the company’s non-profit foundation focused on children.
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Company: Jeunesse Llc
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Contact: Miguel Beas Website: www.jeunesseglobal.com
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Productos Polimex
Products Provider - Mexico 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.
Company: Productos Polimex Name: Jesús Pineda Address: Lago Mask 124, Anáhuac, 11460, CDMX, México Telephone Number: +52 55 5386 1113 Web Address: www.polimex.mx
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TiVo Inks
Deal With izzi Telecom in Mexico Launches Passport Guide and TiVo Metadata to Deliver Engaging and Consistent Experience to Subscribers TiVo Corporation, a global leader in entertainment technology and audience insights, has announced that izzi Telecom, a leading cable operator in Mexico, has signed a license for interactive program guides (IPG) and entertainment metadata for their izzi Telecom video service. The multi-year agreement supports a wider deployment of TiVo’s Passport Guide, and adds comprehensive video metadata for TV and video programs.
izzi Telecom will expand deployment of TiVo’s Passport Guide for set-top boxes to its operations in Mexico City and Monterrey, and add TiVo Video metadata, which together provide a high-quality and intuitive user experience. Specifically, izzi Telecom subscribers will benefit from a modern, HD program guide and enhanced features that make it easier for subscribers to find and watch TV content.
“TiVo’s powerful technology platform is the best choice for
our customers because it offers a whole solution – an HD user experience with advanced features plus high-quality and accurate entertainment metadata, which together creates an engaging experience for our subscribers to easily and quickly find the shows or movies they want to watch on TV,” said Guillermo Salcedo, Corporate Product Director, izzi Telecom. “Thanks to our partnership with TiVo, we are able to offer our customers a new and advanced entertainment experience quickly and with minimal service interruption.”
“We are excited to partner with izzi and are honored by the trust they have placed in our entertainment technologies,” said Karl Misling, vice president, Latin America and Caribbean, TiVo. “As a leading cable provider in Mexico, izzi Telecom is continuing to adapt the entertainment experience to meet their customers’ needs today and prepare for the future of next-gen media consumption. We look forward to supporting izzi with innovative entertainment enhancements that will be enjoyed for years to come by its current and future customers.”
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Embraer and Boeing
Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic The government’s approval comes after the two companies last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company and Embraer will hold the remaining 20 percent. The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multimission medium airlift KC-390.
Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent. Once Embraer’s Board of Directors ratifies its prior approval, the two companies will then execute definitive transaction documents. The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.
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