Company name
Piaui Niquel Metais S.A.
Project number
16444-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Brazil
Sector
Manufacturing
Status
Proposed
Disclosed date
11/09/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
01/18/2027
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 490,000,000
Financing amount
USD $ 100,000,000
Currency
USD
Project scope and objective
The proposed financing will support the development, construction and operation of the Piauí Nickel Project, a greenfield nickel and cobalt mining and processing project located in the state of Piauí, Brazil. In general, the Project comprises:
IDB Invest’s Senior Loan and potential participation will be up to US$415 million, including an A Loan and the leveraging of resources through B Loans, subject to satisfactory completion of due diligence and applicable approvals.The estimated cost of the Project is approximately US$1.5 billion. The A/B structure may allow for the mobilization of additional third-party resources to the Project.
The Project comprises an open-pit nickel laterite mine and associated facilities for crushing, heap leaching, sulfuric acid production, hydrometallurgical processing and ancillary infrastructure, located in the state of Piauí, Brazil. At full capacity, the Project is expected to produce approximately 28,000 tons of nickel, 1,000 tons of cobalt and 1,100 tons of copper per year during the first ten years of operation.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
02 ESIA SUMMARY REPORT
14.0 Mb
03 ESIA PNM VOLUME I ENGLISH TRANSLATION
6.8 Mb
04 ESIA PNM VOLUME II ENGLISH TRANSLATION
141.0 Mb
05 ESIA PNM VOLUME III ENGLISH TRANSLATION
4.0 Mb
3.6.2.4.2.1 EIA PNM VOLUME I
14.0 Mb
3.6.2.4.2.2 EIA PNM VOLUME II
14.0 Mb
3.6.2.4.2.3 EIA PNM VOLUME III
3.5 Mb
3.6.2.4.2.4 EIA PNM VOLUME IV
14.0 Mb
3.6.2.4.2.5 RIMA PNM
14.0 Mb
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Contact information
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Client Contact
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Early disclosure
PIAUÍ NICKEL - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
553.0 Kb