Triple listed Jervois Global has “moderated” the pace of restart operations at its São Miguel Paulista (SMP) nickel cobalt refinery in São Paulo, Brazil. The company in January this year took a final investment decision on the restart of SMP, with the $65-million Stage 1 project aimed at producing 10 000 t/y of nickel and 2 000 t/y of cobalt metal cathode.
PERTH – Triple-listed Jervois Global has “moderated” the pace of restart operations at its São Miguel Paulista nickel/cobalt refinery in São Paulo, Brazil.
In the meantime, the company is continuing discussions with lenders and other interested parties, saying on Friday that project cost guidance at SMP remains unchanged with the near-term costs having been minimised. The miner recently said that it would only consider restarting the construction of ICO if the cobalt price reached above $25/lb.
Jervois on Friday also told shareholders that the company was continuing to engage with the US Department of Energy and the US Export-Import Bank on further financing initiatives, saying the DoD’s funding award was an indication of the importance of a secure cobalt supply chain to the US government.
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Jervois moderates SMP timingTriple listed Jervois Global has “moderated” the pace of restart operations at its São Miguel Paulista (SMP) nickel cobalt refinery in São Paulo, Brazil. The company in January this year took a final investment decision on the restart of SMP, with the $65-million Stage 1 project aimed at producing 10 000 t/y of nickel and 2 000 t/y of cobalt metal cathode.
Lire la suite »