Horizonte speeds up financing plans in Brazil

Horizonte speeds up financing plans in Brazil

Corporate & Sovereign Strategy Loans Brazil Latin America

British nickel miner Horizonte Minerals could speed up plans to finance the Vermelho nickel and cobalt mine in Brazil after it arranged a $325 million loan for its other project in the country, a company spokesperson told LatinFinance. Horizonte had planned to use cash flows from the Araguaia ferronickel project to fund the development of Vermelho over four or five years, but it may look to bring in "another strategic partner" to get the project up and running in around half the time, the spokes

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