Horizonte Minerals plc has received the 802-tonne rotary kiln after a four-month journey from factory to the Araguaia nickel project in northeast Brazil. LOGISTICS FLSmidth supplied the 110m long kiln after a 10-month design and build process. Following delivery to the Port of Outeiro in northern Brazil, the kiln was transhipped onto barges and transported down the […]
Tag: Horizonte Minerals plc
Horizonte publishes fourth sustainability report
Horizonte Minerals plc has published its fourth consecutive standalone annual sustainability report for its nickel-cobalt projects at Araguaia and Vermelho in northeast Brazil. GLOBAL SOCIETY Chief executive Jeremy Martin said that embedding sustainability in operational practices meant tackling major environmental, social and governance challenges in the mining and metals sector. This also includes decarbonisation and […]
Horizonte advances Araguaia ahead of production
Horizonte Minerals plc has advanced its Araguaia nickel project by completing the earthworks, 95% of detailed engineering and progressing electro-mechanical installations at the site in northeast Brazil. PREPARATIONS The company remains on schedule for production in Q1 2024 with 50% of the Araguaia Line 1 construction programme now complete, on budget, and 90% of the total capital […]
Horizonte notes 365,000 share options exercise
Horizonte Minerals plc will admit 365,000 ordinary shares on AIM following the exercise by option holders. On issue of the new ordinary shares, the company’s issued share capital will comprise 268,778,906 ordinary shares, each with voting rights.
Horizonte awards contracts to increase Araguaia production
Horizonte Minerals plc has awarded contracts aimed to increase nickel production by 100% to 29,000 tonnes per annum (TPA) over a 25-year mine life at its Araguaia project in northeast Brazil. OBJECTIVES The Line 2 feasibility study (FS) includes construction of a duplicate rotary kiln-electric furnace (RKEF) processing facility aimed to produce an NI 43-101 […]
Horizonte draws down $50m from second tranche of senior debt
Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]