trending Market Intelligence /marketintelligence/en/news-insights/trending/Z-r4QQbWwoSpjoqkV_UV_g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Vale seeks partner for New Caledonia nickel ops

Industry Top Trends 2021: Metals and Mining

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

Report: Vale seeks partner for New Caledonia nickel ops

Vale SA is working with Scotiabank for the potential sale of a stake in its New Caledonia nickel operations, the Financial Times reported Oct. 17, citing people familiar with the matter.

The miner has held talks with several Chinese groups, including Shenzhen-based Gem Co., which recycles and refines nickel cobalt for use in batteries.

In July, Vale initiated a review of the loss-making operations as part of a wider review on low-performing assets. The review was launched after new CEO Fabio Schvartsman assumed his role.

Vale declined to comment but pointed to an investor presentation in which Schvartsman hinted at a partnership for the operations, according to the newswire.

The New Caledonia unit comprises the Goro nickel-cobalt mine, a processing plant and port.