Brazilian Nickel unveils plans to invest US$1.2bn in Piauí project
Brazilian Nickel (BRN) announced details of a 6bn-real (US$1.2bn) investment plan to develop a nickel and cobalt project in Piauí state.
The new unit would produce 25,000t/y of the metal per year, starting in 2026, in addition to 800t/y of cobalt, as from 2027.
The company currently produces 600t of nickel per month at its unit in Capitão Gervásio Oliveira, also in Piauí.
Representatives of Piauí Níquel Metais (PNM), the local subsidiary of BRN Brazilian Nickel, held a meeting this week with Piauí government officials to present details of the project.
“This will change the reality of the region and will put Piauí in the modern mining circuit, all in a sustainable way. A series of requirements and protocols are being looked at by all secretariats so that we can contribute to this growth and the people of Piauí will be the main beneficiaries, with more jobs and income," Piauí state governor Rafael Fonteles said in a statement.
The company has around 400 workers at its operations, but the new investments will probably create more than 2,000 direct jobs during the construction phase of the new unit, in addition to 800 new employees during the operating phase.
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