São Miguel Paulista nickel/cobalt refinery restart, Brazil – update
Name of the Project
São Miguel Paulista (SMP) nickel/cobalt refinery restart.
Location
São Paulo, Brazil.
Project Owner/s
Jervois Mining.
Project Description
The restart project is focused on delivering an estimated 10 000 t/y of nickel and 2 000 t/y of cobalt metal cathode in Stage 1.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Total budgeted capital project funding to replace and refurbish plant and equipment, as well as restart the plant, is estimated at $65-million.
Planned Start/End Date
Jervois reported on August 18 that first production, which had initially been targeted for the fourth quarter of 2024, is now anticipated to be 12 months from full mobilisation.
Latest Developments
Jervois Global has “moderated” the pace of restart operations at its SMP nickel/cobalt refinery, with first production from SMP now anticipated to be 12 months from full mobilisation.
In the interim, the company is continuing discussions with lenders and other interested parties, reporting that project cost guidance at SMP remains unchanged, with the near-term costs having been minimised.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Jervois Mining, tel +61 3 9583 0498 or email contact@jervoisglobal.com.
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