Nexa Resources receives operating license for Aripuan?? polymetallic project in Brazil

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(Kitco News) - Nexa Resources (NYSE and TSXSymbol: NEXA) announced yesterday that the operating license for the Aripuan??greenfield project was granted by the Environmental Secretariat of the state ofMato Grosso, Brazil, on October 07, 2021.

According to the company'sstatement, Aripuan?? is a world-class underground polymetallic mine containingzinc, lead and copper, and concentrate processing facility located in the stateof Mato Grosso, Brazil.

Mechanical completion isexpected in Q4 2021 and commercial production is scheduled to start in 2022, thecompany said.

Nexa is an integrated zincproducer with over 60 years of experience developing and operating mining andsmelting assets in Latin America. Nexa currently owns and operates fivelong-life underground mines - three located in the Central Andes of Peru andtwo located in the state of Minas Gerais in Brazil - and is developing theAripuan?? project as its sixth underground mine in Mato Grosso, Brazil.

Nexa also currently owns andoperates three smelters, two located in Brazil and one in Peru, Cajamarquilla,which is the largest smelter in the Americas. Nexa was among the top fiveproducers of mined zinc globally in 2020 and also one of the top five metalliczinc producers worldwide in 2020, according to Wood Mackenzie.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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