News Archive


Horizonte moves up

Posted by: Admin | Posted on: November 8th, 2017 | 0 Comments

The company plans to start Brazil’s next ferronickel project and submitted its mine plan for Araguaia to Brazil’s National Mining Agency (ANM) on Tuesday.

The move comes as nickel prices have strengthened of late thanks in part to the anticipated demand from the growing electric vehicle market.

CEO Jeremy Martin said submitting the plan took the project into the mining development phase, and along with ANM approving the final exploration reports for Araguaia’s mineral reserves to cover the project’s initial 28-year mine life, was a further de-risking.

Another Brazil-focused company Harvest Minerals (LN:HMI) has continued to rise since last month announcing initial sales from its Arapua fertiliser project in the South American country.

The company was awaiting certification but said it had a “robust order book” of more than 20 direct consumers from coffee growers to crop farmers and cooperatives.

Meanwhile, Greatland Gold (LN:GGP) continues to attract attention after this week adding to its Paterson holding in Western Australia with the acquisition of the Black Hills gold project.

Finally, Randgold Exploration (SJ:RNG) was the only Johannesburg-listed company to make this week’s list, coming in at 10th place with a gain of 16.6%, on no news since its financial statements in August which outlined ongoing litigation and legal fees.

Company Name
 
Latest Price
1wk Change%
1yr Change%
Current Market Cap (USD)
Connemara Mining LSE:CON
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US$0.07
212.5
222.7
18.04m
Greatland Gold LSE:GGP
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US$0.02
171.4
849.2
187.92m
Horizonte Minerals LSE:HZM
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US$0.06
92.2
n/a
134.22m
Harvest Minerals Ltd LSE:HMI
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US$0.18
66.7
-15.7
40.22m
Griffin Mining Ltd LSE:GFM
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US$1.07
58.8
63.6
298.32m
Pathfinder Miner LSE:PFP
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US$0.02
49.6
50.3
5.06m
Atalaya Mining LSE:TYM
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US$2.31
48.3
98.9
401.70m
Goldstone Res LSE:GRL
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US$0.02
22.1
2.2
7.28m
Metals Exploration LSE:MTL
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US$0.05
18.3
-38.3
117.04m
Randgold Exploration SJ:RNG
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US$0.13
16.6
-9.5
9.96m

Article source: http://www.mining-journal.com/miningjournal/news/1265193/horizonte-moves

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