Horizonte Minerals PLC Appointment of FS Manager for Nickel Project (9957U)
January 25 2017 - 2:00AM
UK Regulatory
TIDMHZM
RNS Number : 9957U
Horizonte Minerals PLC
25 January 2017
NEWS RELEASE
25 January 2017
HORIZONTE APPOINTS FEASIBILITY STUDY MANAGER FOR ARAGUAIA NICKEL
PROJECT
_____________________________________________________________________
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or
'the Company') the nickel development company focused in Brazil, is
pleased to announce that it has appointed Wagner Lucio Oliveira to
a non-board position as its Feasibility Study Manager ('FS
Manager') for the Company's 100% owned Araguaia nickel project
('Araguaia' or 'the Project') which is being developed as the next
major nickel project in Brazil.
Wagner brings with him a wealth of nickel experience having
worked with Anglo American plc at its Barro Alto ferronickel mine
in Brazil on its engineering, construction and start-up between
2007 to 2010. He is skilled in a wide range of technical areas
including smelter technology, refining, processing, performance
management, plant operations, project management and capital cost
rationalisation. In addition to his nickel experience, Wagner has
built a diverse skillset from work undertaken with other major
companies such as Rio Tinto, Vale and most recently McKinsey &
Company in Chile and Peru. Wagner has significant experience in the
controlled planning, scheduling and operational readiness of
large-scale projects and a proven track record in delivering on
operational improvement and cost reductions.
Horizonte CEO Jeremy Martin said, "We are delighted to welcome
Wagner to Horizonte as the Feasibility Manager to run the study on
the Araguaia nickel project. He will be key as we work through the
selection process to award the contracts for the Feasibility Study
henceforth, in managing the study to deliver it on time and budget.
Wagner has considerable experience in nickel having worked with
Anglo American plc on its Barro Alto ferro nickel operation and
prior to this at the Codemin ferro nickel plant in Brazil. We
welcome Wagner to the team and believe his experience will be
invaluable as we move into the next phase of project
development."
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:
Jeremy Martin Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
David Hall Horizonte Minerals Tel: +44 (0)
plc 20 7763 7157
Emily Morris finnCap Ltd (Corporate Tel: +44 (0)
Christopher Broking) 20 7220 0500
Raggett finnCap Ltd (Corporate Tel: +44 (0)
James Thompson Finance) 20 7220 0500
finnCap Ltd (Corporate Tel: +44 (0)
Finance) 20 7220 0500
Anthony Adams finnCap Ltd (Corporate Tel: +44 (0)
Finance) 20 7220 0500
Damon Heath Shard Capital (Joint Tel: +44 (0)
Broker) 20 7186 9952
Erik Woolgar Shard Capital (Joint Tel: +44 (0)
Broker) 20 7186 9952
Lottie Brocklehurst St Brides Partners Tel: +44 (0)
Elisabeth Ltd (PR) 20 7236 1177
Cowell St Brides Partners Tel: +44 (0)
Ltd (PR) 20 7236 1177
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located to the south of
the Carajas mineral district of northern Brazil. The Company is
developing Araguaia as the next major nickel mine in Brazil, with
targeted production by 2019.
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%, Henderson Global Investors 14.11%, Richard
Griffiths 13.8%, JP Morgan 8.98%, Hargreave Hale 6.84% and Glencore
6.4%%.
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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