https://www.engineeringnews.co.za

Horizonte submits Araguaia mine plan to authorities

7th November 2017

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Nickel explorer and developer Horizonte Minerals has marked another permitting milestone for its Araguaia project with the submission of a mine plan to Brazil’s National Mining Agency (ANM).

ANM approval of the mine plan, together with approval of the mine construction licence, the permit of which was submitted last month, would grant the Aim- and TSX-listed company the main mining and environmental approvals to start construction of Brazil’s next ferronickel project.

The mine plan validates the mine feed, plant processes, metal refining, production schedule, ferronickel market fundamentals and the project’s economic model.

“The submission of a mine plan, as part of Araguaia’s ongoing feasibility study, marks an important shift taking the project from the exploration stage into the mining development phase and, therefore, further derisking the project,” commented CEO Jeremy Martin.

He pointed out in a statement that the nickel market had strengthened in recent months, driven by a robust stainless steel market and new demand anticipated from the developing electric vehicle market. Higher nickel prices have also increased investor interest in the metal.

The Araguaia project is based on a 28-year life-of-mine, producing about 14 500 t/y of nickel in ferronickel from a single-line rotary kiln electric furnace plant.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Airshrink - CiP
Airshrink - CiP

At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.051 0.089s - 140pq - 2rq
Subscribe Now