Glencore announced on Monday it has decided to put its Koniambo nickel mining operation in New Caledonia in "care and maintenance" status after accumulating huge losses over the past ten years.
Trafigura-Backed Nickel Mine Seeks New Partner to Secure Bailout bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) 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 package for the struggling New Caledonian mining industry.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneByron Allen Makes $14 Billion Offer for Paramount GlobalMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeMusk Says First Neuralink Pa