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koniambo nickel proposed

  • Koniambo Nickel to Transition to Care+Maintenance

    Even with the French government's proposed assistance, high operating costs and current very weak nickel market conditions means KNS remains an unprofitable operation. Glencore has been a responsible custodian of KNS since acquiring the operation as part of the Xstrata transaction in 2013.

  • Glencore: Koniambo Nickel to transition to care and …

    The shareholders of Koniambo Nickel SAS (KNS) – a joint venture between Société Minière du Sud Pacifique SA (SMSP) and Glencore plc – have made the decision to transition KNS into care and maintenance. ... Even with the French government's proposed assistance, high operating costs and current very weak nickel market conditions means ...

  • November's top stories: New Caledonia's £7bn nickel mine, …

    Operations started at the $7bn Koniambo Nickel project (Koniambo) in New Caledonia, Western Australia Environmental Protection Authority (EPA) recommended conditional approval to Rio Tinto's $3.5bn open cut iron ore mine, while Vale opened a $1.37bn iron ore distribution centre in Malaysia. Mining-technology wraps-up the key …

  • Glencore to halt New Caledonia nickel plant and sell stake

    Glencore GLEN said on Monday it will sell its stake in Koniambo Nickel SAS (KNS) in New Caledonia and that production at KNS's processing plant will be halted for six months while a new investor is sought for the loss-making business.. France has been negotiating to save New Caledonia's nickel industry and Paris said last week it had …

  • Glencore to sell stake in fraught New Caledonia nickel …

    Swiss mining giant Glencore announced on Monday plans to sell its stake and suspend operations at the Koniambo Nickel SAS (KNS) joint venture (JV) in New Caledonia as prices for the metal continue ...

  • London Stock Exchange | London Stock Exchange

    Koniambo Nickel to Transition to Care and Maintenance . The shareholders of Koniambo Nickel SAS (KNS) - a joint venture between Société Minière du Sud Pacifique SA (SMSP) and Glencore plc - have made the decision to transition KNS into care and maintenance. ... Even with the French government's proposed assistance, high …

  • Glencore Discontinues Financing of New Caledonian Nickel …

    By The Swiss Times. 12 February 2024. Glencore announces a six-month wind-down of Koniambo Nickel financing, shifting to maintenance mode while exploring new partnership opportunities amidst unprofitability and market challenges. Glencore, the global commodities trader, has decided to stop financing Koniambo Nickel SAS (KNS) after …

  • Trafigura-Backed Nickel Mine Seeks New Partner for Bailout

    Glencore is looking to remain a shareholder in Koniambo Nickel SAS, which owns nickel mines and a ferronickel plant in the territory. However, it has proposed mothballing the plant while continuing to export ore, which would affect as many as 1,000 jobs, one of the people said. The company said in September it would stop funding …

  • Glencore to sell stake in fraught New Caledonia nickel …

    Credit: THEO ROUBY/AFP via Getty Images. Swiss mining giant Glencore announced on Monday plans to sell its stake and suspend operations at the Koniambo Nickel SAS (KNS) joint venture (JV) in New Caledonia as prices for the metal continue to fall. The world's top miner will sell its 49% stake in the JV, with the nickel mine and …

  • New Caledonia: Local officials divided over Bruno Le Maire's …

    The Koniambo Nickel SAS factory in Vavouto, near Koné, New Caledonia, on February 28, 2024, has faced hurdles for President Louis Mapou. The Congress of New Caledonia has twice refused to authorize him to sign the "nickel pact" proposed by the State, with only opposition members supporting an immediate signature.

  • Glencore to Sell Stake in Nickel Operation

    By Christian Moess Laursen. Glencore said it is looking for a buyer for its stake the Koniambo Nickel--KNS--joint-venture in New Caledonia given continued losses of the operations amid slumping ...

  • Glencore to close unprofitable New Caledonia nickel mine

    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 on Monday.

  • Glencore to Sell Stake in Nickel Mine Amid Price Rout — …

    Koniambo produced around 27,000 metric tons nickel in 2023, and the halt should therefore have only a marginal impacting on the nickel market, Citi analysts write in a research note.

  • Glencore bows to inevitable by shuttering nickel mine

    February 12, 2024. Paradise lost: Glencore to shut Koniambo in New Caledonia. THE steep decline in the nickel price has claimed another scalp after Glencore said on Monday it would shutter its 49%-owned Koniambo mine. The announcement is no great surprise as Glencore said in September it would only continue to fund Koniambo, situated in the ...

  • Koniambo Nickel SAS | LinkedIn

    Koniambo Nickel SAS | 13,451 followers on LinkedIn. Vivez l'expérience Koniambo Nickel! | Installée près de Koné, chef-lieu de la Province Nord de la Nouvelle-Calédonie, la société Koniambo ...

  • Glencore To Sell Nickel Mine Stake In New Caledonia | Barron's

    Glencore owns 49 percent of Koniambo Nickel and 51 percent by the archipelago's North Province. "The search for buyers is essential and we are ready to assist," French Economy Minister Bruno Le ...

  • Glencore to Sell Stake in Nickel Mine Amid Price …

    Feb 12, 2024 1:51am. By Christian Moess Laursen. Glencore said it is looking for a buyer for its stake the Koniambo Nickel joint-venture in New Caledonia, given continued losses of …

  • Koniambo Nickel SAS | LinkedIn

    Koniambo Nickel SAS | 14,029 followers on LinkedIn. Vivez l'expérience Koniambo Nickel! | Installée près de Koné, chef-lieu de la Province Nord de la Nouvelle-Calédonie, la société Koniambo Nickel SAS construit actuellement un complexe industriel de classe mondiale qui, lorsque la production aura atteint sa pleine capacité, aidera à faire de la …

  • Glencore To Transition Koniambo Nickel To …

    glencore plc - koniambo nickel to transition to care+maintenance. glencore - all local kns employees will be retained for a period of six months to aid in transition ... glencore - even with proposed assistance, kns remains an unsustainable operation. glencore - kns remains an unsustainable operation. glencore - glencore cannot justify ...

  • Xstrata Nickel's Koniambo Project: A Cornerstone Asset

    Xstrata Nickel Koniambo Questions 3 3. Integrated nickel business with a portfolio of diverse assets and ppjrojects 2010 Top 5 Refined Nickel Producers MMC Norilsk Jinchuan Vale BHP Billiton 0 100 200 300 Xstrata (kt) Source: Brook Hunt Xstrata Nickel 4 4. Robust business to deliver value and growth in the future 5.00

  • Glencore Announces Sale of Stake in Koniambo Nickel and …

    Amid efforts to rejuvenate New Caledonia's faltering nickel industry, France has proposed state support estimated at 200 million euros for KNS, a gesture that, according to Glencore, falls short of making the operation profitable due to high operational costs and the current downturn in nickel market conditions.

  • Koniambo Nickel mine in New Caledonia officially opened …

    Koniambo mine is located in the North province of New Caledonia, a French territory 1,210km east of Australia in the south-west Pacific Ocean. Construction started in 2007 and the project includes a mine, an ore preparation plant, a metallurgical plant, coal and gas plants, water purification and treatment plants, a power station and a port.

  • Glencore to sell stake in troubled New Caledonia nickel …

    Koniambo nickel operation. Credit: Glencore. Glencore (LON: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS …

  • Billions of dollars for a teacup of nickel | Hotter Commodities

    Glencore's then-head of nickel Kenny Ives famously said that the billions of dollars spent on construction of the project had produced "a teacup of nickel.". Glencore has a 49% stake in Koniambo, with the remainder held by Société Minière du Sud Pacifique (SMSP). It inherited the project from its 2012 acquisition of Xstrata, which had ...

  • Koniambo Nickel power station

    Koniambo Nickel power station is a two-unit coal-fired power plant with a total capacity of 270 MW. The plant was completed in 2012, and is owned by Koniambo Nickel SAS. The plant powers the Koniambo nickel mine. The power station appeared to still be operating as of January 2024. Articles and Resources References

  • Glencore to Close Koniambo Nickel Amid Market Downturn

    The company proposed transitioning the facility to nickel ore exports and mothballing operations, a move expected to impact approximately 1,300 local jobs and potentially further consolidate Asia's dominance in the nickel supply chain. Glencore has committed to retaining all KNS employees for six months to facilitate the transition process.

  • Koniambo Nickel Project, New Caledonia

    The $7bn greenfield mining project was developed by Koniambo Nickel SAS, a 51:49 joint venture between Société Minière du Sud Pacifique (SMSP) and Glencore (formerly Xstrata Nickel), which is the world's richest mining company as of 2014. Glencore also financed the majority of the project cost. Construction of the project began in 2007 …

  • Nickel mining in northern New Caledonia

    The Koniambo nickel smelter has a production capacity of 60,000 tons per year. With only one furnace, 9892 tons of nickel-metal were produced in 2015, 15,000 in 2016, and 20,600 tons are expected for 2017 according to the actual president of KNS, Marc Boissonneault (Outremers360°, 2017). In 2015, an executive manager of KNS stated that …

  • Glencore To Sell Nickel Mine Stake In New Caledonia …

    February 12, 2024. Order Reprints. Print Article. Text size. ADDS stake owned by Glencore, French reax. Swiss mining giant Glencore said Monday it is seeking a buyer for its …

  • Glencore to Sell Stake in Nickel Mine Amid Price …

    The Anglo-Swiss mining giant said Monday that it will transition Koniambo Nickel--or KNS--to a care and maintenance status. Glencore will then search for a new industrial partner …