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Horizonte Commences Work on Glencore Araguaia Nickel Project
Sep. 15, 2016 08:56AM PST
Base Metals Investing Horizonte Minerals (TSX: HZM), the London and Canadian listed nickel development company focussed in Brazil, has commenced social and environmental baseline data collection on its recently acquired Glencore Araguaia nickel project According to the press release: The consolidation of Araguaia with GAP (together ‘the enlarged Araguaia project’) has created one of the largest nickel saprolite …
Horizonte Minerals (TSX: HZM), the London and Canadian listed nickel development company focussed in Brazil, has commenced social and environmental baseline data collection on its recently acquired Glencore Araguaia nickel project
According to the press release:
The consolidation of Araguaia with GAP (together ‘the enlarged Araguaia project’) has created one of the largest nickel saprolite projects globally and the Company is currently in the process of finalising an updated Pre-Feasibility Study on the enlarged Araguaia project.
Summary
- Leading Brazilian sustainability consultants, including Brandt Meio Ambiente, have commenced social and environmental baseline data collection for the Vale dos Sonhos target, which is one of the principle nickel deposits recently acquired by Horizonte.
- The collection of baseline data for the Vale dos Sonhos deposit is an important step to integrate GAP into the environmental permitting process underway at Horizonte’s advanced Araguaia nickel project, which was successfully awarded the Preliminary Licence (‘LP’) earlier in 2016
- New GAP baseline data collection together with further advancements to existing social and environmental impact assessments on the Araguaia project, is an important milestone to progress towards the Installation Licence, which is the final permit required before construction can commence at the enlarged Araguaia project
Horizonte CEO Jeremy Martin said, “Following on from the recent award of the Preliminary Licence at Araguaia and conclusion of the Glencore Araguaia Project acquisition, I am pleased to announce that work is underway to bring GAP into alignment with our development schedule in terms of environmental and social permitting. The next step is the award of the Installation Licence (‘LI’) on the Araguaia project allowing construction to start.
“We are pleased to be working with Brandt Meio Ambiente, one of the leading environmental and social consulting groups in Brazil who have been involved in a number of major mining projects in the Carajás region. I look forward to updating the market with results from our new Pre-Feasibility Study which is due imminently.”