Horizonte awards mining services contract for Araguaia nickel project, says pre-stripping to begin in Q223 Horizonte
- Horizonte Minerals announced Thursday that it has entered into a five-year mining services agreement for its 100%-owned Araguaia nickel project in Brazil, where construction is underway and first production remains on track to commence in Q1 2024.
"The five-year contract is in line with Horizonte's operating cost assumptions stated in the feasibility study, and represents another key de-risking milestone, ensuring that the operational costs will be in the lower quartile of the nickel cost curve," the company said in a news release. The company also said that construction activities at Araguaia continue to run on schedule and on budget, with pre-stripping activities due to begin in early Q2 2023 and first nickel expected in Q1 2024.
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