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Atlantic Nickel Mining Company Discovered a Sulfide Nickel Area in the Municipality of Itágiba, Bahia
Atlantic Nickel is engaged in exploration, mining, processing, and commercialization of nickel concentrate. The mining company announced through its social media that it discovered an area in Itagibá, Bahia, with significant potential for sulfide nickel exploration. With this discovery, the company aims to expand the extraction of base metals for producing batteries for electric vehicles.
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The deposit, located in the territory known as Palestina, is within the same geological belt as the Santa Rita Mine, and just 26km from the facility, which has been fully operational for over a year.
According to Antônio Carlos Tramm, president of the Bahia Mineral Research Company, with the discovery, he says it is important to complete the West-East Railway, “Nickel is yet another company that could stop using trucks and transport its production via the railway to Porto-Sul in Ilhéus, reducing costs and environmental impacts associated with transportation. This way, Bahian nickel will become more competitive and sustainable.”
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For João Leão, Secretary of Economic Development, “Since the Santa Rita mine resumed operations in January 2020, Itagibá has remained on the list of the 10 municipalities with the highest collection of Financial Compensation for Mineral Exploration (CFEM) in Bahia. It’s worth noting that 60% of the fee is allocated to the city where production occurred. This discovery will further boost employment and income in the region.”
About Atlantic Nickel Mining Company:
Atlantic Nickel has been engaged in exploration, mining, processing, and commercialization of nickel concentrate since 2009. The produced sulfide nickel, after undergoing a refining process, is the main component in manufacturing batteries that equip the growing market of electric vehicles.
The operations of Santa Rita Mine are concentrated in the municipality of Itagibá, Bahia, northeast of Brazil, about 370 kilometers from the capital Salvador (BA). The location is also strategic as it is only 140 kilometers from the Port of Ilhéus, a city in southern Bahia, well positioned from an export perspective for the ore.
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