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Horizonte chief hails environmental licence as a “major milestone”

Jeremy Martin, chief executive of Horizonte Minerals Plc, (LON:HZM, TSX:HZM) says the  preliminary environmental licence it has been granted for a mine and beneficiation plant at Araguaia in Brazil is “a major milestone for us”.

He tells Proactive Investors that the licence “is probably the hardest milestone to get” adding “it’s basically the first stage gate in terms of walking towards production”.

The junior miner said the award underscored the viability of its project at Araguaia and the state government’s support for the development.

“We are currently operating in a very low nickel price environment and the key that everybody wants to see is ‘can you operate and make money at this kind of price range’ and our aim is to show that this project can,” Martin says.

 
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