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Horizonte Minerals has executed a mandate to arrange a senior secured project finance facility of up to US$325 million to fund construction and development of its Araguaia ferro-nickel project in Para, Brazil.
Araguaia in Para, Brazil
A syndicate of five banks including BNP Paribas, ING Capital, Mizuho Bank, Natixis and Société Générale will act as the mandated lead arrangers.
The fundraise is to allow Horizonte to complete construction, which is on schedule for Q1 2024
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