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She Is the Only Miner That Extracts Essential Raw Material for Manufacturing Electric Car Batteries in Brazil. The Investments Aim to Promote Jobs and the Economy in the Interior of Bahia
Atlantic Nickel, from the British private equity fund Appian, decides to invest 151 million in Bahia over the next few years, to expand new contracts in the Brazilian mining industry.
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Investments from Atlantic Nickel
The investment from Atlantic Nickel, focusing on the growing battery market, is expected to be made in the first five years of project development, according to the Economic Exploitation Plan (PAE), which will extend operations at the Santa Rita Mine for 34 years.
The backing from the mining company, fully owned by Appian, a fund specialized in mining investments, is expected to consolidate Atlantic Nickel as one of the leading suppliers of sulfide nickel in the global market and the only one currently operating in Latin America, according to the company.
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In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.
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‘Interlocking brick’ made of earth arrives in the construction industry with cost reductions of up to 40% on the project.
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Espírito Santo will receive the largest engineering project in its history with the duplication of BR 262, which will have 50 viaducts, 28 bridges, and 2-kilometer tunnels cutting through the most challenging mountainous region of the entire state.
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A project of nearly 9 million reais already has the first kilometer paved in Santa Catarina and promises to completely transform the access between Jaraguá do Sul and Rio dos Cedros in an area where tourism is growing at a rapid pace.
Mining Indicates Start of Recovery in Bahia
Mining, one of the sectors with the greatest potential in the Bahian economy, shows signs of recovery. The challenges remain significant, especially for iron ore production projects, due to uncertainties in the external market and logistical deficiencies.
Still, the outlook is positive due to the decline in international stockpiles and the recovery of commodity prices. However, while news regarding iron is mostly about prospects, other segments are seeing information about production growth.
Leader of the Ranking
In 2016, Bahia also led the national ranking in the number of applications for mineral research, with 2,761 processes registered, ahead of Minas Gerais (2,245) and Goiás (1,172). The highlight is the increase in research requests for zinc, a mineral that saw its price rise by 66% last year and is currently in high demand. To seize opportunities and turn potential into reality, the state government began this month discussions with the private sector to identify necessary improvements to the business environment for the sector.
The idea, according to Secretary of Economic Development Jaques Wagner, is to build a state policy for the sector.
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