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Jaguar Mining Inc. resumes operations at MTL complex
Jaguar Mining Inc., a Canadian gold mining company, has announced its readiness to resume operations at the MTL complex in Minas Gerais, Brazil. This decision follows the successful completion of significant remediation efforts aimed at ensuring safety and compliance with regulatory standards. The company submitted detailed technical documentation to the National Mining Agency (ANM), demonstrating its capability to restart mining and processing activities after stabilizing affected areas.
Operations at the MTL complex were halted due to a significant incident involving the Satinoco dry-stacked pile (DSP). This event resulted in the displacement of approximately 600,000 cubic meters of material. Consequently, the ANM issued a formal suspension order, known as Auto de Interdição n. 52. The ANM stipulated that the suspension could only be lifted upon the provision of comprehensive evidence regarding the stability of the affected structures.
Commitment to safety and community
CEO Luis Albano Tondo reaffirmed the company’s dedication to safety, stating, “Restoring operations at the MTL complex is our utmost priority, ensuring the protection of our workers, the surrounding community, and the environment.” He added that the remediation team has successfully met all technical and safety requirements in collaboration with leading experts. This effort has resulted in enhanced stability that surpasses minimum safety standards in critical zones.
Impact on local economy
Tondo emphasized that the resumption of operations is essential for both Jaguar Mining and the broader local economy. He noted that restarting these activities will create direct and indirect job opportunities, contribute to the Financial Compensation for the Exploitation of Mineral Resources (CFEM), and provide significant socio-economic benefits to the community. This revitalization is also expected to secure necessary cash flows for operational costs and various obligations, thereby enhancing the company’s liquidity.
Phased approach to resumption
Jaguar Mining has implemented a multi-stage Resumption Plan aimed at restoring operational integrity while prioritizing environmental safety and worker well-being. Key accomplishments within this plan include:
- Construction of an internal drainage system:The internal drainage system for the Satinoco DSP was completed, enhancing water management and soil stability.
- Slope reconfiguration:Significant modifications to slopes near the paste fill plant were finalized, following thorough engineering evaluations.
- Stage 1 – Temporary infrastructure:This stage established essential facilities, including a canteen and changing rooms, to support returning employees.
- Stage 2 – Underground enhancements:Upgrades to emergency exit routes and ventilation systems were completed, ensuring the safety of underground workers.
Jaguar Mining has confirmed that it will not resume direct operations at the Satinoco DSP, prioritizing safety. Instead, the company is focusing on stabilizing areas critical for nearby mining and processing activities. The restart of the metallurgical plant depends on ensuring the stability of the surrounding infrastructure.
Future stages of operation
Having successfully completed the first two stages of the Resumption Plan, Jaguar Mining is now awaiting authorization from the ANM to proceed with the subsequent operational phases. These phases include:
- Stage 3: Resumption of productive underground development.
- Stage 4: Commencement of underground mining activities.
- Stage 5: Resumption of operations at the metallurgical plant.
Jaguar Mining remains dedicated to fostering transparent communication with regulatory authorities and will provide ongoing updates as it works towards full operational recovery.
The significance of the Iron Quadrangle
The Iron Quadrangle has a rich history of mineral exploration that dates back to the 16th century. The discovery of gold, iron, and platinum-group metals in this region led to the founding of Ouro Preto, which translates to “Black Gold.” Today, this area is recognized for its considerable gold deposits. Jaguar Mining controls the second-largest land position in this region, encompassing over 46,000 hectares of mining rights.
About Jaguar Mining Inc. – Jaguar Mining Inc. operates as a junior gold mining, development, and exploration company in Canada. The company manages three gold mining complexes in Brazil, including the MTL complex and the Caeté complex. The Roça Grande mine is currently under care and maintenance. Additionally, the Paciência complex is under review for a potential restart. Investors can find more information on their website at www.jaguarmining.com.
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