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Horizonte Minerals chief on “game changing” Glencore deal

Glencore’s (LON:GLEN) decision to sell its Araguaia nickel project (GAP) in Brazil to Horizonte Minerals (LON:HZM) for a discount price of US$8mln is a game changer for the AIM-listed firm, says its CEO Jeremy Martin.

The sale will create one of the world’s largest nickel projects by combining Glencore’s asset with Horizonte’s own Araguaia project.

“It’s fantastic deal which and has come around due to downturn in the commodity markets,” explains Martin.

 
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Newswire
November 23 2016

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