Canico Resource Corp. is a

Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...

-based junior resource company focused on the development of the Onça-Puma

nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...

laterite project located in Para State,

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. 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 startup of the first module was scheduled for 2008. The company was founded in 2004 and was headquartered in Toronto, Ontario, Canada. Canico Resource was known for its operations at the Serra dos Carajas mine in Brazil, which was one of the largest iron ore mines in the world. The company was also involved in the exploration and development of other mineral resources in Brazil and other countries in South America. Canico Resource was acquired by

Companhia Vale do Rio Doce Vale S.A., formerly ''Companhia Vale do Rio Doce'' (the Sweet River Valley Company, referring to the Doce River) () is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale ...

(CVRD) in December 2005. CVRD, a Brazilian company, headquartered in the city of

Rio de Janeiro, Brazil Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a b ...

, is the largest metals and mining company in the Americas and one of the largest in the global metals and mining industry.

References

External links

Companhia Vale do Rio Doce Website
Nickel mining companies of Canada {{canada-company-stub