Horizonte Appoints Project Director to Lead the Construction of the Araguaia Ferronickel Project
October 02 2019 - 7:00AM
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 plcJeremy
Martin (CEO) +44 (0) 203 356 2901
Numis Securities Ltd (NOMAD & Joint
Broker)John Prior +44 (0) 207 260 1000Paul Gillam
Shard Capital (Joint
Broker)Damon Heath +44 (0) 20 186 9952Erik Woolgar
Tavistock (Financial PR)Gareth
Treadway +44 (0) 207 920 3150Annabel 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.
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