Horizonte Minerals plc awarded more than 2,435,035 ordinary share options of £0.20p each to key employees and senior executives under its unapproved 2006 share options scheme. DIRECTORS Each option has an exercise price of £1.70 per ordinary share, representing a premium of 10.4% the closing price on 12 July 2023 of £1.54. Chief executive officer Jeremy […]
Tag: Araguaia – Brazil
Horizonte receives mining permit for Araguaia nickel
Horizonte Minerals plc has received a mining permit for its 100%-owned Araguaia nickel project in northeast Brazil. ORE STOCKPILES Consent from the Pará State Secretariat for Environment and Sustainability (Semas) allows initial work currently underway to establish ore stockpiles on the ROM pad ahead of the commissioning phase. “The approval enables the company to mine, […]
110m rotary kiln arrives at Araguaia nickel project
Horizonte Minerals plc has received the 802-tonne rotary kiln after a four-month journey from factory to the Araguaia nickel project in northeast Brazil. LOGISTICS FLSmidth supplied the 110m long kiln after a 10-month design and build process. Following delivery to the Port of Outeiro in northern Brazil, the kiln was transhipped onto barges and transported down the […]
Horizonte publishes fourth sustainability report
Horizonte Minerals plc has published its fourth consecutive standalone annual sustainability report for its nickel-cobalt projects at Araguaia and Vermelho in northeast Brazil. GLOBAL SOCIETY Chief executive Jeremy Martin said that embedding sustainability in operational practices meant tackling major environmental, social and governance challenges in the mining and metals sector. This also includes decarbonisation and […]
Horizonte advances Araguaia ahead of production
Horizonte Minerals plc has advanced its Araguaia nickel project by completing the earthworks, 95% of detailed engineering and progressing electro-mechanical installations at the site in northeast Brazil. PREPARATIONS The company remains on schedule for production in Q1 2024 with 50% of the Araguaia Line 1 construction programme now complete, on budget, and 90% of the total capital […]
Horizonte awards contracts to increase Araguaia production
Horizonte Minerals plc has awarded contracts aimed to increase nickel production by 100% to 29,000 tonnes per annum (TPA) over a 25-year mine life at its Araguaia project in northeast Brazil. OBJECTIVES The Line 2 feasibility study (FS) includes construction of a duplicate rotary kiln-electric furnace (RKEF) processing facility aimed to produce an NI 43-101 […]