Horizonte Minerals plc interim chief operating officer Maryse Bélanger will step down from 21 February and be replaced by Graham Crew. Mrs Bélanger’s appointment was one of several management changes announced last November. The company thanked her for her invaluable assistance during its current “challenging period” following rising costs at its Araguaia nickle project in […]
Tag: Horizonte Minerals plc
Horizonte estimates 87% rise in plant costs
Horizonte Minerals plc has estimated an 87% increase in total costs to complete the Araguaia nickel plant in Brazil. FINANCING The estimated capital required to complete construction of Araguaia Line 1, commission the project and deliver first metal has been revised to approximately US$454 million. The estimate at completion is currently $1 billion, nearly double […]
Horizonte appoints Nicholas Michael as NED
Horizonte Minerals plc has appointed Nicholas (Nick) Michael as a non-executive director with immediate effect. Mr Michael has more than 37 years’ experience in the mining sector, including ferronickel in Brazil, as a technical director having retired from Orion Resource Partners in 2023 where he was VP technical services. He has been involved in the […]
Horizonte secures interim $20m for Araguaia
Horizonte Minerals plc has agreed US$20 million interim funding for critical construction work at its flagship Araguaia nickel project in Brazil and general working capital. PACKAGE The money will be used to re-estimate work necessary to implement a full funding solution, as well as to complete the water storage reservoir and the 230kV powerline. The […]
Horizonte advances critical work at Araguaia
Horizonte Minerals plc is focusing on critical work while talks continue on further financing for its Araguaia nickel project in northeast Brazil. CAPITAL During the “slowdown period” the company has advanced the water storage reservoir and the 230kV powerline, both components of rotary kiln electric furnace operations. Horizonte is also minimising the impacts of the […]
Horizonte confirms chairman and interim CEO
Horizonte Minerals plc today confirmed Paul Smith as a non-executive director and chair and Karim Nasr as an executive director and interim chief executive, effective immediately. Both were previously proposed as part of changes following board resignations including former CEO and company co-founder Jeremy Martin. Mr Nasr has temporarily stepped down from his day-to-day executive […]