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After announcing its arrival in Pará this year, North Star claims it will change the standard of gold refining in Brazil, with ESG practices and more efficient production within the mining sector in the national territory
As of this Saturday (04/23), the construction of its central building in Pará had not yet been completed. However, North Star recently commented on its expectations for its entry into mining in Brazil. Thus, the company stated that it will change gold refining standards, using ESG practices and high modernization in production, ensuring the best final product for customers.
North Star’s Gold Refining in Pará Will Have a Series of Alternatives to Make Production in Mining Highly Valuable and Sustainable, with the Adoption of ESG Practices
North Star is a company specialized in the refining of precious metals and has branches worldwide, now entering mining in Brazil, as it is developing its gold production and refining plant in the state of Pará. The company stated that it intends to bring a new level of quality standards to this process in the national territory, with ESG practices, modernization of processes, and even greater efficiency in the production chain.
In this way, Mauricio Gaioti, president of North Star, commented on the changes: “Before we start operating, we are already working fully aligned and committed to the pillars of ESG. And we don’t only look at environmental concerns, which are obvious. We will propose sustainable and healthy processes at all stages we are involved in, in gold refining. And this goes from the selection of our clients, to the preference for hiring local labor, respecting all labor guidelines and observing what more we can offer. Investing, for example, in training these people, and also in social investments for underserved communities in mining regions or near the refinery.”
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Although it has not yet arrived in the national territory to begin production in mining, the company already has its central building under construction in a location between Guajará Bay and Artur Bernardes Avenue, in the industrial neighborhood of Tapanã, in the capital of Pará, which will have three floors to accommodate workers and a selection of high-tech equipment to ensure greater efficiency in the gold refining process in Pará.
Gold Production and Refining in Brazil Ensures Good Results and the Company Will Invest Heavily in the Segment Over the Coming Years to Ensure Even Greater Efficiency in the Production Chain in Pará
The production chains focused on gold ore in Brazil are major highlights within the national mining sector and the segment generates R$ 14.2 billion annually, according to the National Mining Agency (ANM), and the country still has a large reserve, with many ongoing projects that can be further expanded if they receive the necessary investments.
Thus, North Star identified a great opportunity in Brazil for growth with environmental commitment and ESG practices and will heavily invest in acquiring cutting-edge technology to ensure high-quality gold refining. The company has already acquired fully automated Italian refining and melting equipment, which goes beyond refining process efficiency and is highly optimized to ensure greater productivity, and plans to continue purchases this year.
As a result, the state of Pará will be able not only to be a reference in gold refining with ESG practices but also to foster greater socioeconomic development due to the capital movement that will be carried out with the support of North Star.
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