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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.
The contract will see Copa undertaking the construction of all engineered and concrete structures for the processing facility, including piling, structural foundations and bolted connections to allow process equipment to be directly installed.
"The extension of our relationship with Copa, as a partner in the development of Araguaia, is another key milestone in the project's construction schedule. With Copa's strong track record of successfully delivering infrastructure and mining projects across Brazil, as well as the safe and effective delivery of our earthworks contract at Araguaia, the award of this contract enables us to continue Araguaia's progress with confidence," says Chief Executive Officer Jeremy Martin.
Current stock price: 104.13 pence, up 2.6% in London on Tuesday
12-month change: down 33%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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