trending Market Intelligence /marketintelligence/en/news-insights/trending/mavtx21gb-diwut3y8cljq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Greece looks to prevent possible closure of nickel producer Larco

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Greece looks to prevent possible closure of nickel producer Larco

Greece is looking at ways to ensure uninterrupted electricity supply for Larco SA, which operates the Larco nickel project, in an effort to avert the possible closure of Europe's largest nickel producer, Reuters reported Dec. 12.

The state holds a 55% interest in Larco, which owes about €280 million in unpaid electricity bills to state-controlled power utility Public Power Corp. SA, or PPC. The power utility also holds a minority stake in the nickel producer.

A senior energy ministry official told the news wire that PPC has directed the Greek grid operator ADMIE to cut off the power supply. Energy Minister George Stathakis held talks with the managements of PPC and Larco as the government looks to resolve the issue, the official added.

"We are mediating to end the impasse and find common ground towards a mutually accepted solution to the Larco issue," Stathakis said following a meeting with workers' representatives at Larco, adding that they were working toward a plan that refrains PPC from cutting power supplies before the start of 2019.

Stathakis also added that Larco should reduce its production to correspond to lower nickel prices and reduce wage costs.

Larco employs around 1,000 people in Greece. It produced 21,800 tonnes of nickel in 2016, Reuters cited Refinitiv Eikon data.