Published: December 5, 2018 |

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Nexa Resources S.A. has approved the start-up of construction of the Aripuanã project, an underground polymetallic mine and concentrate processing facility in the state of Mato Grosso, Brazil.

The company has also filed the technical report for the Aripuanã project entitled “Technical Report on the Feasibility Study on the Aripuanã Project, State of Mato Grosso, Brazil”. The technical report summarizes the results of a feasibility study, including first-time public disclosure of mineral reserves calculated in accordance with NI 43-101.

Tito Martins, CEO released the following statement:

“The approval of the construction of the Aripuanã project reinforces Nexa’s commitment to develop our pipeline of greenfield projects. We are proud to develop a world-class project which incorporates high level safety standards, cutting-edge environmental practices including the use of dry stacking for waste material and close to 100% recirculation of water, and which utilizes high levels of automation, among several other innovative initiatives.

Positioned on the second quartile of the normal cash cost curve using Wood Mackenzie’s methodology, the final configuration of the project incorporates significant improvements when compared to previous studies, including larger scale and optimized logistics, which will contribute to the returns of the project in a scenario of limited supply coming to the market.

There is a significant increase of the expected average production according to the recent technical report compared to the estimates previously released. This larger scale brought us important efficiencies on capex compared to production in previous scenarios.

In addition, the Aripuanã project contributes to Nexa’s long-term plan to increase mining production and reduces third-party zinc concentrate supply needs.”

To read more details in the company’s press release, CLICK HERE

About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining and smelting assets in Latin America. The company currently owns and operates five long-life underground mines, three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil. Two of the company’s mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 10 largest zinc mines in the world and combined with the company’s other mining operations, place the company among the top five producers of mined zinc globally in 2017, according to Wood Mackenzie.

To stop by Nexa’s website, CLICK HERE

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