Early Warning System

Countries

Brazil

Geographic location where the impacts of the investment may be experienced.

Specific Location

Brejo Seco, Capitão Gervásio Oliveira Municipality, Piauí

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

US International Development Finance Corporation (DFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Piaui Niquel Metais SA

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Mining

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 24, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank, "the Project involves the construction and operation of an open-pit nickel and cobalt mine entailing the mining of nickel laterite ore at a rate of 120,000 dry metric tonnes per year. The ore will be processed using a heap leaching method which involves the irrigation of the ore with a dilute acid solution to obtain the nickel and cobalt. The resulting leach solution will be purified and de-watered to produce 1,400 metric tonnes per year of nickel and 35 metric tonnes per year of cobalt, both as hydroxide products. All Project process plant residues will be filtered to a solid state so that they can be stacked in a dedicated and protected residue disposal area, obviating the need for a wet tailings dam"

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

US International Development Finance Corporation (DFC)

Could not find investment type at the time of the snapshots

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Piauí Níquel Metais S.A.
CNPJ: 18.459.538/002-05
Address: AC Brejo Seco S/N, Zona Rural Capitão Gervásio Oliveira/PI - CEP: 64763-000

Legal Representative and Technical Responsible: Luciano Tadeu Silva Ramos

lramos@brnickel.com Technical Contact:

Marcelo Rideg Moreira mrideg@piauiniquel.com.br

Arcadis
CNPJ: 07.939.296/0001-50
Address: Rua Libero Badaró, 377 – 15o andar São Paulo/SP - CEP: 01009-906

Legal Representative and Technical Responsible: Karin Ferrara Formigoni

karin.formigoni@arcadis.com

CAU: A24660-3 Technical Contact:

Sueli Harumi Kakinami sueli.kakinami@arcadis.com CRBio: 14450/01-D

Geza Faria Abocz geza.faria@arcadis.com CREA-SP: 0602901571

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia.

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability.