The various guests and speakers included: SMSP represented by Karl THERBY, SOFINOR Chief Financial Officer, Didier VENTURA, NMC President and André DANG, SMSP Chairman and CEO; Vale NC was represented by Daryush KHOSHNEVISS, CEO; SLN was represented by Jérôme FABRE, CEO; the Union of New Caledonian Producers and Exporters of nickel ore (SEM) represented by Xavier GRAVELAT, SEM President; and Koniambo Nickel SAS (KNS) was represented by Marc BOISSONNEAULT, President.

SMSP Representatives have shown the financial results of the mining and metallurgical sectors, especially NMC/SNNC Partnership, resulting from the industrial development strategy, initiated by the Northern Province implemented by SMSP. During these clarifications presentations were broadcast on the financial arrangements negotiated by SMSP leading to the construction of two world-class metallurgical plants.

The Vale NC CEO, Daryush KHOSHNEVISS informed the conference on the contribution of his company into the Caledonian economy. He further made a focus on the current cost reduction processed plan and its impacts on subcontracting activities.

As for the SLN, Jérôme FABRE’s presentation, it is focused on the challenges faced by the company, and the various engaged measures to deal with the crisis.

Xavier GRAVELAT made a three parts report including: the introduction of individual SEM associate members, local processing and exportation of nickel ore, and uncertainties hanging over the nickel industry.

Finally Marc BOISSONNEAULT reported the processed resizing measures, performed in 2015, and the reconstruction of the oven 1 in its second release. He also gave an update data on the situation in real times on technological advancement in rump-up production of the 1st furnace, and 2016 Koniambo Nickel SAS present challenges, particularly during the second semester.

According to Daniel OCHIDA, one of MEDEF-NC Co-Presidents “We felt it was necessary, for such a vital sector as nickel, and during these times of severe nickel crisis, to give the floor to our many operators, to share with us their actual challenges and difficulties, as well as their vision of this sector. I think these cycle conferences can serve us to feed or to shed light on the MEDEF-NC’s positioning.” He added “I hope we will be invited to the negotiation table to define that famous New Caledonia National Nickel Strategy. So we hope the politics will soon appeal to us.”

All Caledonian nickel stakeholders and partners, miners or metallurgists, are heavily impacted by the increase in LME stocks and the on-going drastic drop in nickel prices during the last four years. These sessions allowed MEDEF-NC associate members and participants, to unanimously come to a conclusion: all New Caledonia nickel operators, whatever their size are or status, are struggling to safeguard their economic tools, and to hold tight, while expecting a next possible LME price recovery.

The post Caledonian Nickel in all its forms first appeared on SMSP.

The FINC is a trade association under professional federation form, which includes 177 members and represents 8000 jobs in New Caledonia (2015 figures). The FINC is a trade association under professional federation form, which includes 177 members and represents 8000 jobs in New Caledonia (2015 figures). The FINC leads, with member groups and industrials, joint action to promote economic and social progress in New Caledonia. For this purpose, it seeks to build an “endemic” economic and social project pattern in New Caledonia.

At this meeting, SMSP’s Representatives introduced and explained the innovative and unique project financial package of their kind, negotiated with international leading partners, which led to the construction of two industrial projects: SNNC plant in South Korea and KNS, the ferronickel plant in the NC Northern Province. These world-class plants belong to SMSP and New Caledonia at 51% shares in order to not only safeguard control on the mining resource but also in manufactured products by metallurgical plants.

At the end of the presentations, informal discussions, punctuated by questions and answers allowed presenters to give additional explanations on points raised on local characteristics patterns or related to international economic indicators to which each mining or metallurgical actor must refer to.

SMSP thanks once again FINC for its invitation!

The post SMSP met with FINC Associate Members first appeared on SMSP.

The presentation allowed participants to follow the development of a Northern Province local mining company, becoming a metallurgical company and now positioned internationally, through its subsidiaries. In addition to the updated data of the international conditions of a declining nickel market, the audience was particularly interested in the translation of the Northern Province Nickel Doctrine, into SMSP projects, their economic and financial reliability as well as their long term development.

It was recalled on that occasion that SMSP partnership projects, based on the value of the primary resource, have been negotiated with the main objective of ensuring the country to have control on, not only mining resources, but also on industrial tools which, she says, are the best way of upgrading the value of this resource. SMSP’s Representatives, strengthened by the last 6 years’ experience, were able to demonstrate with supporting figures, that the sale of nickel metal brings back ten times higher financial returns than the purely sale of nickel ore.

Many questions have been formulated to understand the impact of nickel prices’ drop on financial results of a local and international mining company. Furthermore, voices were raised to encourage SMSP in its policy of the resource’s valuation and its international development strategy.

This information meeting which began at 5pm was closed at 7.30 pm with a cocktail offered to all participants.

SNNC-NMC, A partnership for the future – French Version

The post SMSP reaches out to the public of Koné first appeared on SMSP.

André Dang Van Nha’s welcome speech – French Version and SMSP presentation – French Version.

The post Economic Rendezvous first appeared on SMSP.

André DANG’s speech

The post The 5th New Caledonia Nickel Conference first appeared on SMSP.

See the article “L’Inox dérouille”

The post SMSP POSCO partnership cited as an example at the International Stainless Steel Summit by Markus Moll, director of Steel & Metals Market Research first appeared on SMSP.

Restitution and analysis of the 4th Industrial Strategic Committee – French Version

The post Restitution and analysis of the 4th Industrial Strategic Committee meeting during the Plenary Session of the Economic and Social Council held in Thio first appeared on SMSP.

André DANG’s speech

The post André DANG’s keynote address to the International Nickel’s Conference 2010 first appeared on SMSP.