Horizonte Minerals plc said it had made significant progress ahead of construction at its Araguaia ferronickel project in Brazil. The company has conducted competitive tendering for the supply of approximately US$230 million of key processing equipment and project management (EPCM) services. These include crushers, conveyors, electrical, dryer, kiln, dust collection and refinery;electric furnace and calcine […]
Tag: Horizonte Minerals plc
Horizonte nears $325m deal for Araguaia
Horizonte Minerals plc said it expected to receive debt financing of US$325 million from international banks for its 100%-owned Araguaia nickel project in Brazil. The company added that due diligence had been completed on Araguaia and the credit approval process was underway. Horizonte is continuing discussions with Brazilian financial institutions and with a number of […]
Horizonte holds £26m for Araguaia
Horizonte Minerals plc reported a strengthened cash balance for its ferronickel operations in Araguaia, Brazil. In its unaudited financial results for the first quarter 2021, the miner held £26,331,015 million (Q1 2020: £16,993,664) following an £18m placing during February. Losses were recorded at £954,476 from continuing operations (Q1 2020: £41,522). The company said that multiple […]
Horizonte awards ESIA for Vermelho nickel-cobalt
Horizonte Minerals plc has awarded the environmental and social impact assessment (ESIA) contract to Ramboll for the company’s 100% owned nickel-cobalt Vermelho project in Brazil. The ESIA will form part of the process to obtain permits for Vermelho and is expected to lead to the award of the preliminary licence. The integrated ESIA will reflect […]
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 […]