Horizonte Minerals Already Accumulates $239 Million in Investments for the Araguaia Project, the Largest Nickel Mining Venture in Brazil

Written by Ruth Rodrigues

Published on 15/08/2022 at 09:05

Fonte: Brasil Mineral

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With the Purchase of Equipment and Products for the Construction of Brazil’s Largest Nickel Mining Project, Horizonte Minerals Has Already Reached a Total of US$ 239 Million in Investments Aimed at the Araguaia Project in Pará.

The mining company Horizonte Minerals has already accumulated a total of US$ 239 million in 2022 invested in the construction of the Araguaia Project. The largest nickel mining venture in Brazil, located in Conceição do Araguaia, in the state of Pará. The company has been acquiring important equipment for the plant since the beginning of the year. And it expects to produce 14,500 tons per year of nickel after the completion of the project.

The Araguaia Project Already Has Over US$ 239 Million in Investments Made by Horizonte Minerals for the Acquisition of Mining Equipment

Horizonte Minerals has been intensely focusing on its new mining venture in the state of Pará, the Araguaia Project. Located in Conceição do Araguaia with a focus on nickel production and exploration, a strong mineral for the international market in the coming years.

Only until July of this year, the company’s investments in the venture totaled US$ 239 million. This capital has been applied to signing contracts for the construction of the mining plant, including an investment of US$ 135 million with key equipment suppliers.

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Araguaia Project Foresees Production of 14,500 Tons per Year of Nickel After the Completion of the Plant Works

The Araguaia Project is not only the largest in Brazil in terms of investments made. It will also guarantee Horizonte Minerals a significant increase in nickel mining in the Pará territory. This is because the company’s forecast is that the plant will produce up to 14,500 tons per year of nickel in its first phase.

With the potential for expansion to double this volume, reaching almost 30,000 tons per year of nickel, a significant number for the national mining market. The development of the Araguaia Project began in early 2022, and the forecast is that the works will be completed in two years, provided that the schedule proceeds as planned by the company.

Moreover, the nickel mining project has a lifespan of 28 years. And it will be responsible for a significant leap for Horizonte Minerals in the Brazilian market. The company already announced last year a financing package of US$ 633 million to implement the venture.

Horizonte Minerals is a national reference in the nickel mining market. It currently has two ventures in the state of Pará, the Araguaia Project and the Vermelho Project, large-scale, high-grade nickel and low carbon emission, aiming for even greater investments in the national mineral sector.

Horizonte Minerals Already Accumulates $239 Million in Investments for the Araguaia Project, the Largest Nickel Mining Venture in Brazil

With the Purchase of Equipment and Products for the Construction of Brazil’s Largest Nickel Mining Project, Horizonte Minerals Has Already Reached a Total of US$ 239 Million in Investments Aimed at the Araguaia Project in Pará.

The Araguaia Project Already Has Over US$ 239 Million in Investments Made by Horizonte Minerals for the Acquisition of Mining Equipment

Araguaia Project Foresees Production of 14,500 Tons per Year of Nickel After the Completion of the Plant Works

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Horizonte Minerals Already Accumulates $239 Million in Investments for the Araguaia Project, the Largest Nickel Mining Venture in Brazil

With the Purchase of Equipment and Products for the Construction of Brazil’s Largest Nickel Mining Project, Horizonte Minerals Has Already Reached a Total of US$ 239 Million in Investments Aimed at the Araguaia Project in Pará.

The Araguaia Project Already Has Over US$ 239 Million in Investments Made by Horizonte Minerals for the Acquisition of Mining Equipment

Araguaia Project Foresees Production of 14,500 Tons per Year of Nickel After the Completion of the Plant Works

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