Horizonte Mineral plc said it would have a priority from Brazilian agencies for the construction and operation of the Araguaia nickel project.
IMPORTANCE
The move is a consequence of Brazil’s approval of Araguaia as a strategic minerals project, which will also see support from an inter-ministerial committee.
“The selection of the Araguaia nickel project as a strategic minerals project further demonstrates the global importance of nickel as a critical metal of the future as well as the project’s strategic importance to Brazil,” said chief executive Jeremy Martin.
“We recognise the positive steps the Brazilian government are taking to help expedite these strategically important projects and we look forward to working closely with them as we advance Araguaia towards production.”