Asset Report
Santa Rita nickel operation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Santa Rita mine is located about 6km from the town of Ipiau (50,000 people). Operations ceased at Santa Rita in early 2016 due to a prolonged period of low nickel prices, and the mine was placed on care and maintenance. In 2018 Santa Rita was purchased by Appian Capital Advisory LLP. The company, later renamed Atlantic Nickel, recommenced operations in late 2019. First concentrate was shipped to China in January 2020. In September 2020, Atlantic Nickel released high-level results from its Preliminary Economic Assessment (PEA) which outlined the expansion of mine life from 8 to 34 years based on new resource estimates. This included operation of its existing open pit mine for 8 years and the start-up of an underground mine from 2028. Appian has struggled to divest its Santa Rita nickel mine after two failed transactions: Sibanye-Stillwater's termination of a US$1 billion deal in January 2022 and ACG Acquisition Company's collapsed purchase in September 2023.
Table of contents
- Emissions
- Mining
- Process
Tables and charts
This report includes the following images and tables:
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Santa Rita Emission Intensity Quartile Ranking - total global production - tonnes Ni equivalentDetailed map
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Cashflow
What's included
This report contains:
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