Nickel jumps on political unrest in New Caledonia
— New Caledonia is one of the major nickel mining regions in the world. Earlier in the session, LME nickel climbed 5.1% to $20,800 a ton, its highest since September 2023. SHFE nickel surged as high as 5.6% to 153,970 yuan, a high level unseen since October last year.
Trafigura-backed nickel mine seeks new partner …
— The New Caledonia plants, which have long struggled due to high energy costs and social unrest, have had to contend with a wave of new supply from Indonesian smelters that's caused nickel prices ...
Goro Nickel-Cobalt Mine, Grand Terre, New Caledonia
— The Goro nickel-cobalt mine is located on the Goro plateau in the southern part of the Grand Terre Island that forms part of the New Caledonia archipelago Caledonia in the South Pacific. The New Caledonia group of islands are located approximately 1,500km east of Australia in the south-western Pacific Ocean.
New Caledonia's nickel: Key resource for archipelago and …
— In its second annual report on metals, published on Friday, May 17, it even warned that "today's low-price environment creates risks for future nickel supply." Plants shut down. The New Caledonian ...
Tesla secures large supply of nickel from New Caledonia for …
— New Caledonia is a small French territory in the southwest Pacific Ocean, and it is believed to own as much as 25% of the world's nickel. It is home to the Goro mine owned and operated by mining ...
Vale offloads New Caledonia nickel asset to Prony …
— Brazilian mining firm Vale has completed the divestiture of its stake in Vale New Caledonia (VNC), which operates the Goro nickel mine and a processing plant in New Caledonia, to the Prony Resources New …
Glencore to stop funding New Caledonia nickel mine as …
— Mining and trading giant Glencore is to stop financing a lossmaking nickel mine in New Caledonia, as growing Indonesian production of a key metal in electric car batteries squeezes rivals.
Koniambo Nickel mine in New Caledonia officially opened …
— Operations have started at the $7bn Koniambo Nickel project (Koniambo) in New Caledonia, which is jointly owned by Glencore and Société Minière du Sud Pacifique (SMSP). November 18, 2014. Share Copy Link; Share on X ... Image: Koniambo Nickel mine is located in the North province of New Caledonia. Photo: courtesy of Bananaflo / …
Glencore to sell stake in New Caledonia nickel operation
— Glencore (LON: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia, as a sharp drop in the metal's prices ...
New Caledonia: Five Largest Mines in 2021
Tiebaghi Mine in South Province, was the largest mine in New Caledonia, producing approximately 1.43 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) and primarily produced nickel (13.63 thousand tonnes) in 2021. The Tiebaghi Mine is owned by SOCIETE TERRITORIALE CALEDONIENNE DE PARTICIPATION …
Trafigura-backed nickel mine seeks new partner …
— A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue...
New Caledonia: Land of Nickel | Elements | GeoScienceWorld
— New Caledonia's history coincides with that of nickel. In 1864, a new nickel ore, composed of garnierite, a green serpentine-group mineral, (Ni,Mg) 3 Si 2 O 5 (OH) 4, was discovered in New Caledonia by a young geologist named Jules Garnier (1839–1904). Mining developed very rapidly after 1873. Nickel, cobalt, iron, and also gold, copper ...
Nickel mining in northern New Caledonia
— The Nickel industry and spatial disparities in New Caledonia. The nickel sector is the engine of the New Caledonian economy, representing over 90% of the value of export products (ISEE, 2016). About 50% of the identified mineral resources are …
MINING
New Caledonia is the 4th largest producer of nickel ore in the world (being Indonesia, the Philippines and Russia) having produced 220 000 metric tonnes in 2019. This industry accounts for 90% of New Caledonia's exports and represents 1 out of every 5 jobs on the island.The peridotite massifs cover 1/3 of the surface of the Mainland and represents …
Nickel Mining in New Caledonia and the Inflation …
2024] NICKEL MINING IN NEW CALEDONIA AND THE INFLATION REDUCTION ACT 483 France.12 All three referenda failed to ensure New Caledonia's independence from France.13 However, in 2021, the last referendum failed by a particularly narrow margin, resulting in a pro-independence protest.14 Many New Caledonians view Caledonia's …
Nickel, Tesla and two decades of environmental activism: …
— Nickel mining in New Caledonia, a French overseas territory in the south Pacific, is receiving international attention after the electrical vehicle giant Tesla recently invested in its largest ...
Nickel
Our marketing business markets nickel and nickel concentrates, as well as by-products and ferronickel. Our nickel operations are in Canada, Australia, Norway, and New Caledonia. We produce other metals as a by-product of nickel production, including cobalt, copper, precious metals and platinum-group metals.
Koniambo Nickel Project
— Comprised an open-cut nickel mine and a pyrometallurgical plant, Koniambo Nickel Project is located in the North Province of New Caledonia and was officially inaugurated in November 2014. It is one of the world's biggest and highest-grade undeveloped nickel laterite deposits.
Koniambo Nickel SAS
Koniambo Nickel (KNS) is a joint venture whose capital is 51% owned by SMSP and 49% by Glencore. KNS is responsible for the construction, the ramp-up and operation of the Northern metallurgical plant with a nominal capacity of 60,000 tonnes per year, and the mining activity on the Koniambo massif located in Northern Province between Voh and …
Nickel Mining in New Caledonia and the Inflation Reduction …
— The French territory of New Caledonia contains nickel reserves that would be invaluable to the production of electric vehicle batteries in the U.S. However, under the …
Vale's New Caledonia nickel plant under siege, …
— Nickel mining is a key industry in New Caledonia, which holds as much as a quarter of the world's known reserves. Vale's plant is the second-largest employer in the southern province, with ...
Glencore to close unprofitable New Caledonia …
— The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced …
Koniambo Nickel SAS
Koniambo Nickel (KNS) is a joint venture whose capital is 51% owned by SMSP and 49% by Glencore. KNS is responsible for the construction, the ramp-up and operation of the Northern metallurgical plant with a …
Vale offloads New Caledonia nickel asset to Prony
— The Goro nickel mine in Kwe West Bassin, New Caledonia. Credit: Barsamuphe/Wikipedia. Brazilian mining firm Vale has completed the divestiture of its stake in Vale New Caledonia (VNC), which operates the Goro nickel mine and a processing plant in New Caledonia, to the Prony Resources New Caledonia consortium. ...
Glencore to sell stake in lossmaking New Caledonia nickel …
— Rival commodity trader Trafigura and French mining group Eramet, which hold stakes in nickel mines and processing facilities in New Caledonia, are facing similar challenges to Glencore as their ...
Nickel mining in New Caledonia
— Nickel mining in New Caledonia is a major sector of the New Caledonian economy. The island contains about 7.1 million tonnes of nickel reserves, about 10% of the world's total. [1] [2] With an annual production of 200,000 tonnes in 2020, New Caledonia was the world's fourth largest producer after Indonesia (760,000), Philippines (320,000), …
New Caledonia agrees to Vale nickel mine sale, Tesla to be …
— Political leaders in New Caledonia on Thursday agreed new terms for the sale of Vale's (VALE3.SA) nickel business, including a majority stakeholding for local interests, seeking to resolve unrest ...
NMC SAS
Nickel Mining Company (NMC) is the joint venture between POSCO and SMSP, based in New Caledonia, which is in charge of supplying the Gwangyang plant in nickel ore. It is 51% owned by SMSP and employed 694 members of staff on December 31, 2020. NMC today aims to provide the plant up 3.6 million tonnes of humid ore with nickel ore grade of …
New Caledonia agrees to sale of controversial nickel mine
— Last year Tesla agreed to buy cobalt, another metal used in batteries, from the Swiss miner Glencore. New Caledonia is the world's fourth-largest nickel producer. Its nickel industry also includes the SLN subsidiary of French mining group Eramet and a joint venture between commodity group Glencore and New Caledonia's northern province.
Glencore to stop funding New Caledonia nickel …
— Mining and trading giant Glencore is to stop financing a lossmaking nickel mine in New Caledonia, as growing Indonesian production of a key metal in electric car batteries squeezes rivals.
Nickel mining in northern New Caledonia
— New Caledonia owns 25% of the world available reserve of Nickel extractible ores (Kowasch, 2018), and the nickel production rate has been increasing over the years, reaching a peak nowadays [200 ...
New Caledonia agrees to Vale nickel mine sale, Tesla to be …
— Political leaders in New Caledonia on Thursday agreed new terms for the sale of Vale's nickel business, including a majority stakeholding for local interests, seeking to resolve unrest over the ...
Nickel and Dimed: The Green Metal Gamble in …
— Beneath the emerald canopy of New Caledonia lies a quiet force that will power the world's green energy revolution. With a modest population of 300,000, the French territory is the fourth-largest nickel …
Amid growing social unrest, New Caledonia's nickel …
While the violence continues in New Caledonia, the archipelago is in a precarious economic situation, plagued for months by falling nickel prices, of which it holds 20% to 30% of the world's reserves.
How is the violent unrest in New Caledonia …
— New Caledonia's mining industry is struggling to compete against Indonesia, the world's largest nickel producer, due to decades of export restrictions and high energy costs that have made its nickel more …