Horizonte Minerals (HZM)

Sector:

Mining

Index:

FTSE AIM All-Share

0.30p
   
  • Change Today:
    -0.025p
  • 52 Week High: 172.00
  • 52 Week Low: 0.28
  • Currency: UK Pounds
  • Shares Issued: 269.78m
  • Volume: 4,010,280
  • Market Cap: £0.81m
  • RiskGrade: 327
  • Beta: 0.02

Horizonte Minerals appoints Brazil mining veteran to Araguaia

By Josh White

Date: Thursday 24 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Nickel developer Horizonte Minerals announced the latest addition to its executive team on Thursday, with the appointment of Fernando Marino as the operations director of the Araguaia Nickel Project in Brazil.
The AIM-traded firm said Marino was joining the company with an impressive tenure of more than three decades in the resources sector.

It said his expertise primarily lay in effectively starting and managing mining ventures in Brazil, with past accomplishments including pivotal roles at Vale.

Notably, he served as the director of operations at Onça Puma, a ferronickel operation located in Para state, just 250 kilometres away from the Araguaia project.

While at Onça Puma, Marino was said to have been instrumental in managing the initial phase of ramp-up.

In collaboration with Hatch, the furnace vendor for Araguaia, Marino introduced significant enhancements to the original furnace design.

Further cementing his legacy at Onça Puma, Marino spearheaded a thorough reevaluation of the operation's maintenance, safety procedures, and overall functioning, Horizonte said.

That led to a milestone achievement of an annual production record of 25,000 tonnes of nickel, without any reported lost-time accidents.

Before Horizonte, Marino held the position of executive manager at Vale's Base Metals South Atlantic operations.

Additionally, he previously had the responsibility of overseeing the Salobo copper mine and plant.

"We are pleased to welcome Fernando as operations director for the Araguaia Nickel Project, which marks an important milestone for Horizonte as we prepare to bring Araguaia into production given that construction is now around 65% complete," said chief executive officer Jeremy Martin.

"Fernando's extensive experience in commissioning, production ramp-up, and operating Brazilian nickel operations, coupled with over 20 years of stakeholder engagement experience in the Para state, will be invaluable at Araguaia and we look forward to working with him."

At 1040 BST, shares in Horizonte Minerals were down 2.32% at 134.8p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HZM Market Data

Currency UK Pounds
Share Price 0.30p
Change Today -0.025p
% Change -7.69 %
52 Week High 172.00
52 Week Low 0.28
Volume 4,010,280
Shares Issued 269.78m
Market Cap £0.81m
Beta 0.02
RiskGrade 327

HZM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.84% above the market average1.84% above the market average1.84% above the market average1.84% above the market average1.84% above the market average
17.91% above the sector average17.91% above the sector average17.91% above the sector average17.91% above the sector average17.91% above the sector average
Price Trend
78% below the market average78% below the market average78% below the market average78% below the market average78% below the market average
98.62% below the sector average98.62% below the sector average98.62% below the sector average98.62% below the sector average98.62% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 0
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Neutral 2
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Total 2
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HZM Dividends

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Trades for 02-May-2024

Time Volume / Share Price
16:29 70,919 @ 0.33p
16:28 1,128 @ 0.34p
15:20 29,701 @ 0.34p
15:09 91,017 @ 0.33p
15:03 241,973 @ 0.30p

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