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Pin to quick picksHorizonte Minerals Share News (HZM)

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Horizonte Minerals awarded construction licence for Araguaia project

Mon, 14th Jan 2019 12:30

(Sharecast News) - Brazil-focussed nickel development company Horizonte Minerals has been awarded the construction licence for the development of its 100%-owned Araguaia Ferronickel Project, it announced on Monday.The AIM-traded firm said the award of the construction licence - or 'Licença de Instalação (LI) in Portuguese - was granted by SEMAS, the Brazilian Pará State Environmental Agency.It said the granting of the LI provided it with the permits required to construct the Araguaia rotary kiln electric furnace (RKEF) processing plant and associated infrastructure.The LI approval represented a "major de-risking" step for Araguaia, which was now fully permitted to commence construction.Receipt of the permit followed release of the feasibility study (FS) results in October, and the filing of the 43-101 FS report on SEDAR in December."I am very pleased to announce the award of the construction licence (LI) for Araguaia as this is a major milestone for the company," said Horizonte chief executive Jeremy Martin."Subject to funding, the company is now in a position to commence construction with the necessary environmental permits approved, including water abstraction permits issued in 2018 together with the newly issued LI."The LI allows development to commence on the RKEF process plant and associated infrastructure."Martin said the award of the LI was delivered on time and on budget, with the Horizonte team working closely with SEMAS, other state agencies and local communities."Consistent with our objective to provide long-term sustainable value for our shareholders, employees and communities, we developed integrated solutions focused on environmental protection, water efficiency and socio-economic development."The LI award follows on closely from the completion of the FS, demonstrating that Araguaia is a Tier 1 asset with the potential to be a low-cost supplier of nickel in the form of high-grade ferronickel to the stainless-steel industry."Over the initial 28-year mine life, Araguaia is expected to generate cash flows after taxation of $1.6bn and sits on the lower half of the global cost curve."The LI and FS results, combined with the positive fundamentals around the nickel market, positioned Horizonte well for 2019, with the construction-ready Araguaia project to supply the ferronickel market and Horizonte's second project - the Vermelho nickel cobalt project - being advanced to supply the electric vehicle battery market, Jeremy Martin explained."We look forward to updating the market over the coming months, at what is an exciting time for the company."
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11 Nov 2022 12:55

Horizonte Minerals makes solid progress at Araguaia

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals said in an update on Friday that it secured a number of key construction contracts at Araguaia in the September quarter, including industrial civil works and the main power line.

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3 Nov 2022 13:43

IN BRIEF: Horizonte Minerals picks partners for Araguaia project

Horizonte Minerals PLC - nickel company focused on Brazil - Selects MIP Engenharia & Milplan to provide electro-mechanical installation services at its Araguaia nickel project. Says MIP/Milpan has "a strong track record" and prior rotary kiln-electric furnace experience from Vale's Onca Puma mine, a ferronickel mine with a similar processing flow sheet to Araguaia, and a number of other major mining projects in the Carajas region.

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17 Oct 2022 10:47

Horizonte Minerals progresses Vermelho with award of feasibility study

(Alliance News) - Horizonte Minerals PLC on Monday said it has awarded Wood PLC, a project delivery and technical services business, the principal engineering contract for its Vermelho project in Brazil.

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5 Oct 2022 12:53

Horizonte Minerals raises GBP70.5 million for Araguaia progress

(Alliance News) - Horizonte Minerals PLC on Wednesday said it will be able to advance construction at its Araguaia project following the completion of oversubscribed fundraising.

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4 Oct 2022 19:50

TRADING UPDATES: Horizonte Minerals makes progress at nickel project

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15 Aug 2022 12:18

IN BRIEF: Horizonte Minerals swings to profit on foreign exchange gain

Horizonte Minerals PLC - nickel company focused on Brazil - Swings to interim profit as gain on foreign exchange surges. Pretax profit in the half-year ended June 30 stands at USD3.8 million versus a loss of USD3.2 million a year prior. Gain on foreign exchange more than quadruples to USD9.4 million from USD2.2 million. Administrative expenses widen to USD6.7 million from USD3.7 million. However, posts pretax loss of USD670,946 in the quarter to June 30, narrowed from USD1.9 million a year ago. Posts no revenue. Says outlook for its operations remains positive, but sees continued risk from the Covid pandemic. Further, firm closes a USD633 million funding package to build the Araguaia nickel project in the northern Brazil state of Para.

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15 Aug 2022 11:26

Horizonte Minerals swings to profit as Araguaia development continues

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals swung to a first-half profit before tax of $3.8m from a restated loss of $3.24m, it announced on Monday.

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9 Aug 2022 15:15

IN BRIEF: Horizonte Minerals awards Araguaia civil works contract

Horizonte Minerals PLC - nickel company focused on Brazil - Awards civil works contract for Araguaia nickel project in Brazil to Brazilian construction company Companhia Paranaense de Construcao SA, or Copa.

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9 Aug 2022 12:00

Horizonte awards Araguaia civil works to Copa

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals has awarded the industrial civil works contract for the construction of its wholly-owned Araguaia nickel project, it announced on Tuesday, to Companhia Paranaense de Construção, or 'Copa'.

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19 Jul 2022 22:02

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13 Jul 2022 19:07

IN BRIEF: Horizonte Minerals awards Araguaia process plant contracts

Horizonte Minerals PLC - nickel company focused on Brazil - Awards all major and long-lead-time process plant equipment contracts for its flagship Araguaia nickel project.

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19 May 2022 18:55

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