New Caledonia's nickel industry paralyzes after riot
Time:Mon, 17 Jun 2024 08:52:35 +0800
keywords :
New Caledonia's nickel industry is nearly paralyzed following weeks of unrest, with Eramet-owned SLN maintaining its smelter at minimum capacity and Prony Resources halting operations. The riots, triggered by electoral reform in the French-controlled territory, have exacerbated the financial crisis for the struggling nickel sector, involving KNS, Prony, and SLN.
SLN has transported some ore to its Doniambo plant to keep furnaces running minimally, but the situation remains critical, according to an Eramet spokesperson. Prony has suspended operations at its plant and nearby mine for security reasons. KNS halted operations in March, with co-owner Glencore seeking to sell its stake.
