Horizonte Minerals plc co-founder and chief executive officer Jeremy Martin will leave after 13 years with the company. His departure, which follows a funding shortfall for the Araguaia nickel project in Brazil, also sees chief financial officer Simon Retter resign. Non-executive interim chairman William Fisher and non-executive director Owen Bavinton also leave having served since […]
Tag: Horizonte Minerals plc
Horizonte reduces Araguaia construction work
Horizonte Minerals plc will reduce construction activities at its Araguaia nickel project while it tries to resolve lack of funds with senior lenders and cornerstone shareholders. DISCUSSIONS The company said it would progress only “critical work streams” while maintaining safety in order to manage resources and funds. In October, Horizonte warned of at least a […]
Horizonte stockpiles 138,000t ore at Araguaia
Horizonte Minerals plc had stockpiled 138,000 tonnes of ore averaging 1.92% nickel and spent US$429 million as of 30 September at the Araguaia project in Brazil. COSTS The company said it continued to progress during Q3 with construction at the site and advance financing discussions with its cornerstone shareholders and lenders. Horizonte expects a detailed […]
Araguaia costs to rise 35% with first production delayed
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 […]
Horizonte’s tribute to co-founder and former chair David Hall
Horizonte Minerals plc said it would continue with the vision and honour the legacy of its co-founder and former chairman David Hall who died suddenly in August. The company thanked Mr Hall for his leadership, adding that he had played an integral part in the establishment, development and growth of Horizonte’s nickel project in Brazil. […]
Obituary – mining executive and Green Glen chairman David Hall
Green Glen Minerals Ltd has announced the sudden death of its executive chairman and director David Hall PGeo. A fellow of the Society of Economic Geologists and EuroGeol, Mr Hall had some 35 years’ experience in exploration projects and mines in more than 50 countries. His previous roles included chief geologist for Minorco SA, exploration […]