TIDMHZM
RNS Number : 4275O
Horizonte Minerals PLC
02 October 2019
NEWS RELEASE
2 October 2019
HORIZONTE APPOINTS PROJECT DIRECTOR TO LEAD THE CONSTRUCTION
OF THE ARAGUAIA FERRONICKEL PROJECT
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or
'the Company') the nickel company focused in Brazil, is pleased to
announce that it has appointed Pedro Rodrigues dos Reis ('Mr
Rodrigues') in a non-board position as Project Director to lead the
construction of the Company's 100% owned Araguaia ferronickel
project ('Araguaia' or 'the Project'), which is being developed as
Brazil's next major ferronickel project.
Mr Rodrigues is a highly qualified Civil Engineer with over 30
years' experience in capital infrastructure projects in the mining
industry, principally in Brazil, Chile and Peru. He has a wealth of
mining project experience having worked for both EPCM engineering
companies and owner's project execution teams. His most recent
roles as part of Senior team of Jacob's Engineering Group for Latin
America involved the execution of a number of projects from
feasibility through to construction. Prior to this he was Project
Director for MMG Limited where he led the US$7 billion Las Bambas
copper Project in Peru, which was delivered successfully and
brought into production ahead of schedule and under budget. He has
worked across a variety of commodities, and has managed multiple
EPCM's, for major and junior companies such as Minsur/Marcobre, MMG
and Newmont Mining. As a Brazilian national with almost two decades
of international experience, Mr Rodrigues brings a unique mix of
skills and expertise to lead the construction of Araguaia.
Horizonte CEO Jeremy Martin said, "We are delighted to welcome
Mr Rodrigues to the team. After a detailed search he was selected
by the Board due to his depth of experience. He will be fundamental
as we build-up the owner's team, select the EPCM contractor and
progress the project through financing and into construction. Mr
Rodrigues has considerable experience in large and medium-sized
capital projects, having worked with some of the leading
engineering and mining companies in the industry today.
His experience in managing projects from the feasibility study
phase through to construction and on to operation, positions
Horizonte well to deliver the Araguaia project on time and on
budget. We look forward to updating the market as we move Araguaia
towards start of construction. Additionally work on the Vermelho
PFS has progressed well and is nearing completion, we expect to
announce the results later this month."
Further Details:
Pedro Rodrigues dos Reis, Horizonte's recently appointed Project
Director for Araguaia, is a Civil Engineer, with over 30 years'
experience in engineering and project management. His most recent
positions include: Director of Projects for Jacobs Engineering
Group (Americas) in Chile; Project Director for the Marcobre Mina
Justa for Minsur in Peru; and Project Director of the US$7 billion
Las Bambas copper project, acquired from Glencore by MMG, also in
Peru. Under Mr Rodrigues direction, the Las Bambas project produced
its first copper three months ahead of schedule and US$500 million
under budget.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc
Jeremy Martin (CEO) +44 (0) 203 356 2901
Numis Securities Ltd (NOMAD & Joint Broker)
John Prior +44 (0) 207 260 1000
Paul Gillam
Shard Capital (Joint Broker)
Damon Heath +44 (0) 20 186 9952
Erik Woolgar
Tavistock (Financial PR)
Gareth Treadway +44 (0) 207 920 3150
Annabel de Morgan
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil. The Company is developing
the Araguaia project, as the next major ferronickel mine in Brazil,
and the Vermelho nickel-cobalt project, with the aim of being able
to supply nickel and cobalt to the EV battery market. Both projects
are 100% owned.
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, the ability of the Company to complete the Acquisition
as described herein, 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; the
ability of the Company to complete the Placing as described herein,
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: the inability of the Company
to complete the Acquisition as described herein, 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, the inability of the Company to complete the
Placing on the terms as described herein, 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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