Horizonte acquires Glencore's Brazil nickel project for $8 mln

lunes 28 de septiembre de 2015 02:42 GYT

Sept 28 (Reuters) - Horizonte Minerals said on Monday it had bought Glencore's Araguaia nickel project in Brazil for $8 million.

"This is a game-changing transaction for Horizonte. We have been able to negotiate a unique transaction leveraging the current depressed commodity markets," Horizonte CEO Jeremy Martin said in a statement.

A Glencore spokesman said the deal was part of the company's plan to dispose of non-core assets.

London-listed Horizonte is a Brazil-focused nickel development company. (Reporting by Olivia Kumwenda-Mtambo; Editing by David Holmes)