This week, the board of directors from Nexa Resources S.A. has approved the construction of the Aripuan project, an underground polymetallic mine and concentrate processing facility in the state of Mato Grosso, Brazil. The average zinc equivalent production at the Aripuan project is estimated at 120,000 metric tons per year (mt/y) for 13 years. The Aripuan project is expected to be operational by the beginning of 2021, with total investment estimated at approximately US$392 million. Nexa Resources owns a 70% stake in the Aripuan project through its subsidiaries.

The site is located in the northwest of the state of Mato Grosso, 1,265 kilometers by road from Rondon polis, an additional 1,264 kilometers by railroad and road to the Tres Marias smelter or 1,566 km to the Juiz de Fora smelter, or an additional 1,395 kilometers by railroad from Rondonpolis to the port of Santos. Zinc produced at Aripuan that may not undergo processing at the company’s smelters in Brazil will be exported through the port of Santos.