RE: Hzm about to close financing for nickel mine!18 Sep 2021 11:30
“Projects with potential to commence operations during the forecast period include the Araguaia nickel project in Brazil, which is wholly owned by Horizonte Minerals, and is currently awaiting a final investment decision (FID). The $402.1m project will have an annual nickel production capacity of 14.5kt and is expected to commence operations in 2022,” Bajaj said.
“During early 2021, the project’s infrastructure including the award of construction licences for the transmission line and the water pipeline were approved by the company. Tenders for the supply of key equipment and services have been completed for approximately $230m.”