ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

Horizonte confirms production of commercial grade Ferronickel at Araguaia

Share On Facebook
share on Linkedin
Print

The pilot plant, located at Morro Azul in the State of Minas Gerais, processed 160 wet tonnes of ore over an 11 day period

Horizonte Minerals Plc, (LSE:HZM) the nickel development company focused in Brazil, has announced the completion of the integrated Rotary Kiln Electric Furnace pilot plant campaign for its 100% owned Araguaia nickel project in Parà State, north-central Brazil, which produced high grade ferronickel on a continuous and sustained basis to commercial specification.

The pilot plant, located at Morro Azul in the State of Minas Gerais, processed 160 wet tonnes of ore over an 11 day period, 24 hours per day. The bulk sample was representative of the ore which the Company anticipates to be processed during the first nine years of commercial operation at Araguaia.

Highlights

· Pilot plant campaign confirmed production of high grade commercial ferronickel from representative Araguaia ore
· Drying and agglomeration produced excellent feed material for processing in the high temperature rotary kiln
· Good quality calcine continuously produced in the rotary kiln with very low dust generation and favourable pre-reduction levels of about 60% for iron oxide and 10% nickel oxide reduction
· Electric furnace smelting of the calcine produced high quality ferronickel over a target range of commercial nickel grades and at a nickel recovery over 93%; both ingot casting and nickel granulation of the Fe-Ni product was successfully demonstrated
· No critical flaws were identified in the process flow sheet
· Full range of technical data to be incorporated in full Feasibility Study for final commercial RKEF design due in 2016, together with the additional data from the recently acquired Glencore nickel project

Horizonte CEO Jeremy Martin said, “I am delighted that the pilot plant campaign has demonstrated the production of commercial grade ferronickel on a continuous and sustained basis. The pilot facility operated by our metallurgical consultants IGEO is one of the most comprehensive facilities globally, being able to offer the complete integrated RKEF flow sheet which simulates full commercial production. The plant operated over an 11 day period, 24 hours per day with two metal pours each day, treating the representative bulk sample that was transported down from the Project. It was possible to produce high grade ferronickel with the key equipment operating in stable condition. No critical flaws were identified and the ore performance exceeded our original expectations. All of the information generated during this test will now be utilised to finalise the commercial RKEF design in the Feasibility Study. It was also good to have senior personnel from equipment suppliers ThyssenKrupp and SMS Siemag attending the programme.

“Our recently announced acquisition of the adjacent Glencore nickel project will also be integrated into the Feasibility Study. The ore type is very similar to Araguaia, with extensive metallurgical test work also completed. At this stage it is not envisaged that it will be necessary to run further pilot work on the combined project due to the high quality work completed by Xstrata / Glencore. I look forward to updating shareholders as we advance the combined projects through to Feasibility.”

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com