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Mining Weekly reported the most severe drought in 30 years in Brazil has caused Largo Resources (TSXV:LGO) to halt work at its Currais Novos tungsten tailings reprocessing plant.
Mining Weekly reported the most severe drought in 30 years in Brazil has caused Largo Resources (TSXV:LGO) to halt work at its Currais Novos tungsten tailings reprocessing plant.
As quoted in the market news:
The availability of water from the 11 wells currently in use had dropped by half as a consequence of this drought that had affected the whole north-east region of Brazil over the last year.
In addition, the level of the water in the lake also used as a source of water had dropped to a critical level. Rainfall over the last nine months in the Currais Novos region was only 58 mm according to the Rio Grande do Norte government agency, Empresa de Pesquisa Agropecuaria do Rio Grande do Norte (Emparn) compared with the long-term average range of 600 mm to 800 mm.