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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Horizonte buys ferronickel processing equipment for Araguaia
As part of a plan to fast-track the movement of its project, UK-based producer Horizonte Minerals said its Araguaia Niquel Metais (ANM) arm is acquiring both new and used ferronickel processing equipment for its Araguaia project in Brazil. The deal with seller Companhia Brasileira de Alumínio (CBA), part of investment group Votorantim SA, was made for US$600,000 cash up front,…
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