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Piauí nickel project, Brazil

Piauí nickel project, Brazil

Photo by Brazilian Nickel

9th April 2021

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Piauí nickel project (PNP).

Location
North-east Brazil.

Project Owner/s
Brazilian Nickel.

Project Description
The PNP is a nickel laterite heap-leaching project.

The project has a resource of 72-million tonnes at 1% nickel and 0.05% cobalt, with 73% of the resource in the measured category, and is expected to produce an average of 25 000 t/y of nickel and 900 t/y of cobalt.

Mining will be a straightforward openpit extraction process.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Current internal company estimates indicate that the project is expected to have an all-in financing requirement of $465-million.

Planned Start/End Date
According to current estimates, production is targeted for the end of 2024.

Latest Developments
A bankable feasibility study (BFS) on PNP is under way. SNC Lavalin will lead work on the BFS from its offices in Brazil. The engineering work should take 12 months, and Brazilian Nickel says it aims to publish the final BFS document in the first quarter of 2022.

In parallel with the BFS Brazilian Nickel plans to expand the existing demonstration plant by a factor of ten. The PNP1000 will expand the production at the demonstration plant to produce 1 400 t/y of nickel and 35 t/y of cobalt, for a capital cost of just $16-million. This expansion can be implemented in 12 months, without the need for any further study and with existing environmental permits, and will, therefore, jump-start PNP to immediate producer status.

Key Contracts, Suppliers and Consultants
SNC Lavalin (BFS).

Contact Details for Project Information
Brazilian Nickel, email info@brnickel.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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