Horizonte Minerals plc could sell its Araguaia nickel project in northeast Brazil, resulting in a loss for shareholders, after full funding talks failed. NICKEL MARKET The company added it had been unable to secure interest in the full financing needed, citing investors concerns over the nickel market. Horizonte’s options now include raising financing at the […]
Tag: Araguaia Ferronickel
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 pledges sustainability report as ES policy
Horizonte Resources plc continued with its environment and social (ES) responsibilities during 2020 at its 100% owned Araguaia ferronickel and Vermelho nickel-cobalt projects in Brazil. ENVIRONMENT In its financial report for 2020, Horizonte noted it published its first standalone sustainability report for activities during the financial year 2019. The 44-page report covers transparency and accountability; […]
Horizonte makes strides at Brazil nickel-cobalt projects
Horizonte Minerals plc reported significant progress and a strong cash position for 2020 at its nickel and cobalt operations in Brazil. The company is developing the Araguaia project as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, both of which are 100% owned by Horizonte. In its final results for the […]
Horizonte awarded power licence for Araguaia nickel
Horizonte Minerals plc has been awarded the construction licence package to develop the power line for its 100% owned Araguaia Ferronickel project in Brazil. The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, […]