https://www.miningweekly.com
Energy|Financial|Infrastructure|Mining|Environmental|Infrastructure
Energy|Financial|Infrastructure|Mining|Environmental|Infrastructure
energy|financial|infrastructure|mining|environmental|infrastructure

Eramet faces mine stoppage in latest New Caledonia snag

10th April 2024

By: Reuters

  

Font size: - +

PARIS - French mining group Eramet faces a stoppage from Thursday at some of the mines operated by its troubled New Caledonian nickel subsidiary SLN in a dispute with local authorities over financial guarantees.

SLN is preparing to suspend activity at its mines in New Caledonia's northern province after the provincial government rejected a short extension of the guarantees, which are required to cover potential environmental restoration, Eramet said in an emailed statement.

Eramet said it was working with the French government on an agreement to extend the relevant guarantees, which expire on Wednesday, for a 12-month period.

Eramet has provided such guarantees since 2020 for SLN given that the nickel producer has been unable to do so itself, the group added.

SLN, which processes its mined nickel at a smelter in southern New Caledonia, is involved in wider discussions to salvage the loss-making nickel industry in the South Pacific territory.

The French government has been negotiating a rescued package for the industry, involving hundreds of millions of euros in loans and subsidies in return for a revamp of mining permits, exports and energy infrastructure.

But an end-March deadline set by Paris to sign off the deal was missed as New Caledonian parties continue to debate the proposals amid wider political tensions divided between pro-independence and loyalist parties.

Edited by Reuters

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.338 0.374s - 146pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: