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Horizonte shares dive after Brazil nickel project delay

Horizonte Minerals provided an update on the construction of the Araguaia nickel project in Brazil, reporting a half-year production delay and cost increase of at least 35% over budget.

Isabeau van Halm
Trial mining campaign at Horizonte's Araguaia nickel project in Brazil. Source: Horizonte Minerals

Trial mining campaign at Horizonte's Araguaia nickel project in Brazil. Source: Horizonte Minerals

Horizonte announced on Monday it made good progress in completing the final detailed engineering and construction design for Araguaia, which, along with a comprehensive cost review, resulted in changes...

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