StockMarketWire.com - Brazil-focused Horizonte Minerals has awarded further contracts for key parts of the feasibility study for its 100%-owned Araguaia nickel project. It said the contracts awarded were as follows:

- Steinweg Handelsveem (Latin America) S.A - Material transport and logistics

- SM&A Electrics - Power infrastructure and power transmission line

- VCE Mine Consultancy - Mining Permit reporting

Horizonte said the feasibility study was at an advanced state with a number of the principal work streams over 50% complete.

The company said its strategy was to position itself as one of the lowest cost nickel producers globally.

It said the Araguaia project was designed to produce 14,500 tonnes per annum ('tpa') of nickel using the proven rotary kiln electric furnace technology ('RKEF').




Story provided by StockMarketWire.com