2nd Feb 2015 09:54
LONDON (Alliance News) - Horizonte Minerals PLC on Monday said it received a positive response from the public hearing held on January 30 on its Araguaia nickel project in Brazil.
Horizonte said there was support from the local community and government authorities for the project.
"We were pleased by the high turnout at the meeting and the overriding support at the local and state level is a key factor for the future success of Araguaia," said Horizonte Chief Executive Officer Jeremy Martin.
"We are now in a strong position to advance Araguaia through the feasibility stage in 2015 and are committed to sustainability and ensuring that our local stakeholders will share in the benefits of bringing this project to production," Martin added.
Shares in Horizonte were up 8.2% to 2.975 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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