Horizonte Minerals, owner of the Araguaia nickel project in Brazil, has entered administration after it confirmed in April it was unable to secure additional financial backing for the Para State project and is eyeing liquidation. In a 16 May announcement, company officials said its administration of the company and Araguaia was effective that day and that representatives from FRP Advisory…
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Horizonte breaks ground at Araguaia
Nickel developer Horizonte Minerals has kicked off construction at its flagship Araguaia project in Para state, northern Brazil. The company is now entering a 24-month construction period with its Stage 1 targeting production of 14,500 tonnes per year. It has already awarded most of its crucial long-lead equipment contracts, including the project’s furnace in late February, earthworks earlier this month…
Read MoreHorizonte selects Copa for Araguaia earthworks
Brazil-focused Horizonte Minerals has awarded the earthworks contract for the construction of its 100%-owned Araguaia ferronickel project to Copa Construção S.A. Araguaia is a Tier 1 mining project with a high-grade scalable resource, located south of the Carajás Mining District in the state of Pará, northern Brazil. Horizonte said it will use an open pit mining method, transporting its nickel-ore…
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