Refinery In Pará With Capacity To Produce 24 Tons Of Gold Annually Starts Operations In December This Year

Written by Paulo Nogueira

Published on 12/09/2022 at 19:56

Unidade industrial da North Star de mineração de ouro no Pará | Divulgação

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North Star Industrial Unit Will Have Initial Capacity of 24 Tons Per Year and Will Adopt International Standards of Safety and Compliance to Ensure Gold Refining in Brazil.

North Star, a company specialized in precious metals refining, invested R$ 50 million in the first gold refinery in the State of Pará, which will start operations in December. The industrial unit will have an initial capacity of 24 tons per year, equivalent to 25% of national gold production. The goal is to gradually increase its market share in refining to reach the processing of 48 tons of the metal per year, about 50% of the country’s gold production.

Maurício Gaioti, CEO of North Star, highlights that the company intends to lead the verticalization of gold production in the country, adding value to national production, committed to good ESG practices in the production, refining, and commercialization of gold produced in Brazil.
The North Star refining unit was strategically built in Belém to facilitate logistics and offer competitive costs to serve small, medium, and large mining companies operating in the Northern region.

“The challenge to turn our project into reality was to unite miners, government, and industry to create a favorable environment for value addition to gold production in Brazil, which today suffers from illicit practices,” says Gaioti.

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The executive assesses that it is a great opportunity for North Star to be present at Exposibram to showcase the high level of investment, procedural rigor, and expertise that the company possesses in gold refining.

International Standards of Safety and Compliance

Gaioti explains that the new refinery adopts international standards of transparency, safety, and corporate governance, which are the pillars of North Star’s operations. The Belém refinery will feature state-of-the-art technology for refining precious metals and international safety standards. “Our commitment will be to offer our clients a service of technical quality, reliability, as well as competitive costs, in a safe refining operation with internationally certified production.

About North Star Refino S.A.

Founded in 2017 by OMEX, one of the leaders in gold trading in Brazil, along with international investors, North Star focuses on the responsible refining of gold in Brazil and seeks to establish itself as one of the largest refining industries in the country, making production verticalized and adding value to the national product.

Via Lead Comunicação DF

Refinery In Pará With Capacity To Produce 24 Tons Of Gold Annually Starts Operations In December This Year

North Star Industrial Unit Will Have Initial Capacity of 24 Tons Per Year and Will Adopt International Standards of Safety and Compliance to Ensure Gold Refining in Brazil.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

International Standards of Safety and Compliance

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Refinery In Pará With Capacity To Produce 24 Tons Of Gold Annually Starts Operations In December This Year

North Star Industrial Unit Will Have Initial Capacity of 24 Tons Per Year and Will Adopt International Standards of Safety and Compliance to Ensure Gold Refining in Brazil.

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