Horizonte enters administration after Araguaia financing dropped

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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‘Good progress’ continues at Horizonte’s Araguaia

Officials from Horizonte Minerals said in a construction update that work is advancing on schedule and on budget – and safely – at the Araguaia nickel project in Brazil as it fixes its focus on a 1Q24 production start. The company said overall project progress to completion is 28%, and earthworks are significantly advanced and due to be concluded in…

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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…

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Horizonte 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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Horizone adds AFRY arm as EPCM contractor

Brazilian-focused, UK-based Horizonte Minerals has awarded the engineering, procurement and construction management (EPCM) contract for its Araguaia ferronickel project to engineer AFRY’s Brazilian business division Pöyry Tecnologia. The contract scope involves the provision of a comprehensive range of services across EPCM, project management and commissioning, but further details were not released. Horizonte did confirm that Pöyry was selected via a…

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