TIDMHZM
RNS Number : 0097U
Horizonte Minerals PLC
19 October 2017
19 October 2017
Horizonte Minerals Plc
('Horizonte' or 'the Company')
MINE CONSTRUCTION LICENCE APPLICATION SUBMITTED TO ENVIRONMENTAL
AGENCY
Horizonte Minerals Plc, (AIM/TSX: HZM) ('Horizonte' or 'the
Company') the nickel development company focussed in Brazil, is
pleased to announce that is has completed and filed the Mine
Construction Licence ('Installation Licence' or 'LI') for its
Araguaia nickel project ('Araguaia' or 'the Project'), Brazil's
next ferronickel project. The LI was submitted to SEMAS, the Pará
State authority responsible for environmental licensing, for the
construction of the Project, including mine, associated
infrastructure and pyro-metallurgical processing plant.
Highlights
-- Extensive work programmes were completed to produce the LI suite of documents; including full environmental monitoring across all principal disciplines;
-- This enabled Horizonte to develop social and environmental
mitigation and monitoring plans for all phases of Araguaia,
including: construction, operation and closure;
-- Horizonte have formally gazetted the filing of the LI and
vegetation suppression permit in the Brazilian Diário Oficial da
União; and,
-- Upon approval of the LI together with approval of the Mine
Plan from the Brazilian mining authority, Horizonte will have the
necessary permits in place to commence construction.
Horizonte CEO, Jeremy Martin, commented:
"The submission of the Mine Construction Licence ('LI') marks a
major milestone for the Araguaia nickel project, as it moves
towards the construction decision. The work required to collect the
data and develop the suite of documents that make up the LI has
been finalised as part of Araguaia's ongoing Feasibility Study,
which is on track for completion in Q1 2018. This has been a major
piece of work, involving a number of consulting groups across a
variety of disciplines led by our inhouse team.
"The Araguaia project has the potential to create approximately
500 new jobs in the operational phase in a rural area where the
average family income ranges between US$2 - US$4 per day. As a
result, the Pará Government considers Araguaia to be a key economic
driver for the southern part of the State. Additionally, we
continue to receive positive community support for the project as
evidenced through our ongoing community engagement programmes."
Mine Construction Licence
The completed LI was filed at SEMAS, and published in the
Brazilian official gazette (Diário Oficial da União) by Horizonte's
local subsidiary, Araguaia Níquel Mineração Ltda. Approval of the
LI from SEMAS, together with the approval of the Mine Plan from the
Brazilian mining authority, will permit Horizonte to commence
construction at Araguaia.
Social and environmental mitigation and monitoring plans,
together with licence condition reports, were elaborated by a
leading environmental consultancy group, Environmental Resource
Management ('ERM'), in conjunction with experienced local Pará
State consultants on fauna and flora programmes. Both Horizonte and
ERM representatives presented the LI to SEMAS in a meeting held in
Belém, the capital of Pará State.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
* * ENDS * *
For further information visit www.horizonteminerals.com or
contact:
Horizonte Minerals
plc
Jeremy Martin (CEO) +44 (0) 20
/ David Hall (Chairman) 7763 7157
finnCap Ltd (NOMAD
& Joint Broker)
Christopher Raggett/
James Thompson / Anthony +44 (0) 20
Adams / Emily Morris 7220 0500
Shard Capital (Joint +44 (0) 20
Broker) 7186 9952
Damon Heath / Erik
Woolgar
Tavistock (Financial
PR)
Jos Simson / Barney +44 (0) 20
Hayward / Emily Fenton 7920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed ('HZM') nickel
development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located to the south of
the Carajás mineral district of northern Brazil. The Company is
developing Araguaia as the next major nickel mine in Brazil, with
targeted production by 2020.
The Project has good infrastructure in place including rail,
road, water and power.
Horizonte has a strong shareholder structure including; Teck
Resources Limited 17.9%, Richard Griffiths 14.5%, Lombard Odier
Asset Management (Europe) Limited 12.9%, JP Morgan 8.4%, Canaccord
Genuity Group 6.5% , Glencore 6.4% and City Financial 5.6%.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Except for statements of historical fact relating to the
Company, certain information contained in this press release
constitutes "forward-looking information" under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the potential of the
Company's current or future property mineral projects; the success
of exploration and mining activities; cost and timing of future
exploration, production and development; the estimation of mineral
resources and reserves and the ability of the Company to achieve
its goals in respect of growing its mineral resources; and the
realization of mineral resource and reserve estimates. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on the reasonable assumptions,
estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and
expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the
date that such statements are made, and are inherently subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to risks related to: exploration and mining risks,
competition from competitors with greater capital; the Company's
lack of experience with respect to development-stage mining
operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration,
mining and other licences; the Company's future payment
obligations; potential disputes with respect to the Company's title
to, and the area of, its mining concessions; the Company's
dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third
parties; the Company's joint ventures; the potential of currency
fluctuations and political or economic instability in countries in
which the Company operates; currency exchange fluctuations; the
Company's ability to manage its growth effectively; the trading
market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its
operations and new projects; the Company's dependence on key
personnel; possible conflicts of interest of directors and officers
of the Company, and various risks associated with the legal and
regulatory framework within which the Company operates.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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