Horizonte Minerals plc has signed two five-year port agreements to import required raw materials and export of its final ferro nickel product for its 100%-owned Araguaia nickel project in Brazil.
CONTRACTS
The company has awarded the contracts to Grupo Atlantica Matapi and Santos Brasil Tecon Vila do Conde, both of which are established operators in the port of Vila do Conde in Pará State.
Horizonte said that the agreements, which have an option to extend for a further five years, were in line with the company’s feasibility cost and represented another key de-risking milestone for the project.
VILA DO CONDE
Vila do Conde is the closest port to Araguaia and also provides bonded warehouse services, laydown areas, loading and storage facilities.
The company added that using the same port for both contracts also maximised cost savings.