Atlantic Nickel to invest $335m to expand mine in Bahia

Atlantic Nickel, of the British private equity fund Appian, will invest $335 million from 2026 to install an underground sulphated nickel mine in Itagibá, in southern Bahia. The investment is expected to be made in the first five years of the project’s development, according to the Economic Recovery Plan (PAE), which will expand the operations of the Santa Rita Mine to 34 years.

Source: Money Times