Brazil's development bank approved one hundred million reais for the Piauí nickel project, its first state backing for the battery-metals mine.
Mining
Key Facts
—The approval. Brazil’s development bank BNDES approved R$100 million ($19 million) for the Piauí nickel project.
—The use. The money funds machinery, equipment and industrial services, not the full mine build.
—The owner. The site belongs to Piauí Níquel Metais, a unit of Britain’s Brazilian Nickel Limited.
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