Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]
Tag: Araguaia – Brazil
Horizonte awards mining services contract for Araguaia
Horizonte Minerals plc has awarded a five-year mining services agreement to secure services for mining, stock pile generation, plant feeding and slag handling activities at its 100%-owned Araguaia nickel project in Brazil. MINING FLEET The contract with Fagundes Construção e Mineração further de-risks the project and ensures that “operational costs will be in the lower […]
Horizonte draws down first tranche of $346.2m debt for Araguaia
Horizonte Minerals plc said it had drawn down the first tranche of the US$346.2 million senior debt facilities for its 100%-owned Araguaia nickel project in Brazil. CONDITIONS The move follows the company satisfying all conditions precedent and also unlocks the balance of the funding to complete construction and commissioning of the project. Horizonte company has […]
Horizonte signs five-year port deals for Araguaia nickel
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 […]
Horizonte secures renewable power for Araguaia
Horizonte Minerals plc has secured long-term renewable power at a low cost for its 100%-owned Araguaia nickel project in Pará state, Brazil. SUPPLIERS The company awarded the power purchase agreements to “a subsidiary of a global AAA rated energy company” and Casa dos Ventos Comercializadora de Energia S.A. (CDV). CDV holds the largest portfolio of […]
Horizonte awards services contract for Araguaia
Horizonte Minerals plc has chosen MIP Engenharia and Milplan Engenharia to provide the electro-mechanical installation services at its 100%-owned Araguaia nickel project in Brazil. SPEND The appointments take the level of committed spend to more than US$400m, with a workforce already mobilising to begin furnace assembly activities on site. Chief executive Jeremy Martin added that […]