Piauí nickel project, Brazil
Name of the Project
Piauí nickel project.
Location
North-east of Brazil.
Project Owner/s
Private nickel and cobalt company Brazilian Nickel.
Project Description
Piauí is an advanced-staged nickel laterite project.
The project will have an average production rate of 27 000 t/y of nickel and 900 t/y of cobalt in the first ten years of operation.
Brazilian Nickel’s successful application of heap leaching technology to nickel laterite orebodies is a materially less capital-intensive process than traditional high-pressure acid leaching
(HPAL).
Heap leaching, therefore, permits the exploitation of resources that cannot support the much higher capital burden of HPAL, giving the company a competitive advantage.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not disclosed.
Capital Expenditure
Brazilian Nickel received a letter of interest from the US International Development Finance Corporation (DFC) in December 2024 that expressed DFC’s interest in providing the project with a loan facility of up to $550-million, representing almost 40% of the project’s overall financing package.
Planned Start/End Date
Brazilian Nickel is optimistic that it will have a fully financed project in 2025, with first production from Piauí targeted for 2028.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Brazilian Nickel, email info@braziliannickel.com.
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