Horizonte Minerals - Acquisition of Vermelho Nickel-Cobalt Project
HZM Tue, 19 Dec 2017, 08:00am GMT
Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused on Brazil which wholly owns the advanced Araguaia ferronickel operation located to the south of the Carajás mineral district of northern Brazil. The Company is developing Araguaia into the next major ferronickel mine in Brazil, with targeted production by 2021
Industry: Basic Resources
Contact: 020 7236 1177
4 - 12 Regent Street, London
CEO Jeremy Martin speaks about the acquisition of Vermelho which transforms Horizonte into a multi-asset company bringing together two large, advanced nickel assets located in an established mining region in the Para State northern, Brazil. The Vermelho project also contains a large cobalt resource which Vale planned to process alongside the nickel, which gives Horizonte exposure to an additional commodity stream, in light of the growing interest in both cobalt and nickel for use in the Electric Vehicle battery market.