03
Oct
15:27
Horizonte Minerals expects 35% cost increase at its Araguaia project
London-listed mining company Horizonte Minerals said Monday the overall capital costs at its Araguaia nickel project in Brazil will increase by at least 35%, Kallanish reports.
In addition to the increased expenses, the company also announced a delay in first production from early 2024 to Q3 2024. The completion of the final detailed engineering and construction design, alongside a comprehensive cost review, has resulted in changes to the project’s design an…
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