Horizonte Minerals plc said it had acquired certain new and unused ferro-nickel processing equipment for approximately US$7 million for its project in Araguaia, Brazil. VENDORS The company’s subsidiary Araguaia Niquel Metais Ltda (ANM) entered into an asset purchase agreement with Companhia Brasileira de Alumínio (CBA), which is controlled by industrial and financial investment holding company […]
Tag: Horizonte Minerals plc
Horizonte raises £147.4m via placing
Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
Horizonte secures $346.2m for Araguaia ferro-nickel
Horizonte Minerals plc announced credit approvals from five international financial institutions of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project in Brazil. TRANCHES The institutions are BNP Paribas Securities Corp; ING Capital LLC; Natixis, New York branch; Société Générale; and Swedish Export Credit Corporation. The syndicate is in […]
Horizonte holds £22m as Araguaia financing nears completion
Horizonte Minerals plc maintained a strong cash position while costs rose during H1 2021 at its Araguaia ferro-nickel project in Brazil. RESULTS In its unaudited interim results for six months to 30 June 2021, the company reported it held £22.2 million following an £18m equity fundraise in February 2021. Pre-tax losses were £2,291,336 (H1 2020: […]
Horizonte publishes 2020 sustainability report
Horizonte Minerals plc has published its 2020 sustainability report focusing mainly on the Araguaia ferronickel project with additional data from the Vermelho nickel-cobalt project and corporate head office in Brazil. MAIN POINTS The company highlighted key achievements including no work-related Covid-19 transmissions, no lost time injuries and fatalities and no environmental incidents. In April 2020, […]
Horizonte further derisks Araguaia for ESG compliance
Horizonte Minerals plc has further de-risked its 100% Araguaia ferronickel project to ensure compliance with Equator Principles (IV) and International Fianance Corporation Performance Standards. Examples of work started include the resettlement action plan, social communication programme, safety improvements for school communities along the PA-449 highway and the Local Development Agenda programme. Horizonte’s environmental and social […]