trending Market Intelligence /marketintelligence/en/news-insights/trending/rOXfQWeiDmL4pNv6Q808dQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Eramet injecting €40M into New Caledonia nickel unit

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Eramet injecting €40M into New Caledonia nickel unit

Eramet has agreed to provide €40 million financing forits 56%-owned New Caledonia-based Societe Le Nickel unit, to keep the businessafloat until June.

The company said May 9 that its board also approved a cost-cuttingand productivity improvement plan for SLN's mines and metallurgical plant inNew Caledonia, aiming to cut cash costs by 25% from the 2015 average to US$4.50per pound by 2017-end.

The French government offered up to in financing to STCPI, thevehicle representing the New Caledonian provinces' interest in SLN.

The unit operates the SLN nickel mine in New Caledonia.