Horizonte Minerals plc anticipates at least a 35% increase in overall capital expenditure and a delay to first production at its Araguaia nickel project in northeast Brazil. FINANCING The company said it was making “good progress” on the final detailed engineering and construction design for Line 1 but a review of costs for the design […]
Tag: capital expenditure
Tungsten West remaining capex below forecast
Tungsten West plc said that the estimated remaining capital expenditure of £31.5 million was “significantly below” the previous forecast for restarting production at the Hemerdon tin-tungsten mine in Devon. BUDGET The company added that the figure, which excludes a 20% contingency of £6.3m, is less than that projected when the company paused the project in […]
Horizonte expects total capex rise to $537m for Araguaia
Horizonte Minerals plc said a 12.6% rise in costs along with engineering improvements would see total capital expenditure rise to U$537 million for its Araguaia nickel project in Brazil. INFLATION As at the end of September 2022, overall operations had progressed by 16% and engineering by some 71%. Chief executive Jeremy Martin said that since […]