Glencore to close, sell unprofitable New Caledonia nickel mines

• Sunday, February 18, 2024
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[Ferro-Alloys.com] 

Glencore to close, sell unprofitable New Caledonia nickel mines

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, which acquired the operation as part of its 2013 Xstrata transaction, said that high operating costs and the current weak nickel market conditions meant that KNS remained unprofitable.

 

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