Horizonte’s Brazil project fully permitted to start construction
The Brazilian Pará state environmental agency, Semas, has awarded the Araguaia ferronickel project its final permit needed before construction could get under way, dual-listed Horizonte Minerals announced on Monday.
The construction licence provides the permits required for the rotary kiln electric furnace processing plant and associated infrastructure, which will be constructed over a 31-month period.
Subject to funding, the $443-million development is now construction-ready, having previously received the necessary environmental permits.
Aim- and TSX-listed Horizonte said in October that it would aim to have a funding plan for Araguaia in place by mid-2019. The project comprises an openpit nickel laterite mining operation that mines a 27.5-million tonnes mineral reserve of 119-milllion tonnes to produce 52 000 t/y of ferronickel, containing 14 500 t of nickel.
The company aims to start production in late 2021 or early 2022.
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