Brazil · Mining
Key Facts
—The investment: the Atlantic Nickel Santa Rita expansion, run by a company controlled by British private-equity firm Appian Capital, commits R$3.3 billion (about $595 million) through 2030 to take the mine underground in Itagiba, southern Bahia.
—A 30-year life extension: the “Underground Project” would stretch the mine’s remaining life from about eight years to more than three decades by reaching higher-grade ore below the open pit.
—A regional first: the operation would be the only underground sulphide-nickel mine in Latin America, with a development partner in the World Bank’s private-sector arm.
