Horizonte Minerals plc has chosen MIP Engenharia and Milplan Engenharia to provide the electro-mechanical installation services at its 100%-owned Araguaia nickel project in Brazil. SPEND The appointments take the level of committed spend to more than US$400m, with a workforce already mobilising to begin furnace assembly activities on site. Chief executive Jeremy Martin added that […]
Tag: nickel
Power Metal identifies EM superconductor at Molopo
Power Metal Resources plc has identified a geophysical electromagnetic (EM) superconductor at its Molopo Farms Complex nickel-copper-platinum group elements project in Botswana. TARGET AREA T1-14 The identification at target area T1-14, which is now upgraded to priority status, will be diamond drilled in the coming weeks. Power Metal added that it was the strongest moving […]
Power Metal notes visible sulphide mineralisation
Power Metal Resources plc reported visible sulphide mineralisation in its first drill hole at the nickel-copper-platinum group element project at Molopo Farms Complex, southwest Botswana. DDH1-6B Drill hole DDH1-6B, within priority target area T1-6, marks the start of a 2,600m drill campaign. The company reached 576m and, after identifying visible sulphide mineralisation, will extend the planned target depth […]
Corcel signs Papua New Guinea-Argentina MoU
Corcel plc has signed a memorandum of understanding for a proposed 50-50 joint venture to include its nickel-cobalt interests in Papua New Guinea. RESTRUCTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be named Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV comprising Corcel’s Mambare and Wowo Gap […]
Horizonte awards feasibility study to Wood for Vermelho
Horizonte Minerals plc has chosen Wood plc for the principal engineering contract to conduct the feasibility study (FS) for its Vermelho nickel-cobalt project in the Pará State, northeast Brazil. VERMELHO Vermelho lies in the Carajás mining district which has developed infrastructure and hydroelectric power as a result of sustained mining activities. The company’s flagship nickel […]
Horizonte expects total capex rise to $537m for Araguaia
Horizonte Minerals plc said a 12.6% rise in costs along with engineering improvements would see total capital expenditure rise to U$537 million for its Araguaia nickel project in Brazil. INFLATION As at the end of September 2022, overall operations had progressed by 16% and engineering by some 71%. Chief executive Jeremy Martin said that since […]