Eramet in talks with France to offload debt from SLN nickel unit miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
Glencore saw its net income plunge by three-quarters to $4.3billion last year, while Rio Tinto revealed post-tax profits tumbled by 19 per cent to $10billion.
PARIS -Eramet is in very advanced talks with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New.
France has agreed to provide a
140 million euro loan to Prony Resources to avert
the collapse of the New Caledonian nickel producer as Paris
pursues negotiations to salvage the Pacific.