Category

KNS

Signing of a loan granted by the AFD for the Northern Plant financing

Considering the project’s magnitude and thanks to the guarantee of the Northern Province, the French Development Agency (Agence Française de Développement – AFD) is actively engaged in the construction of the Northern Plant by participating to its financing. A loan amounting to 170 million euros, that is to say more than 20 billion XPF, was...

Guarantee of the Northern Province to SMSP

The assembly of the Northern Province voted the resolution granting a partial guarantee to SMSP for the new loan to finance its participation in the Northern Plant construction. For the Northern Province, the success of the SMSP in the Northern Plant project is the insurance to pursue, by rising dividends, its development policy in favor...

President Nicolas Sarkozy visited the Northern Plant

The presidential visit to Vavouto tended to reaffirm the principle of respect for equal opportunities, the French State on-going support to the project and the need for the stability of the joint venture capital investment, in charge of the construction of the Northern Plant. The Païta speech was rather an assessment, measuring the path performed...

The 17th Koniambo Committee was held in Koné on the 22th of July 2011

During this committee KNS has presented the general advancement of the project (including Hygiene, Safety & Environmental issues, the rump up and work in progress of the construction, human ressources and social and environmental initiatives). The Cellule Koniambo unit has presented the current situation on the demobilisation of subcontractors working on public works and an...

Signing of the loan

Signing of the loan with « Financière Océor » (Caisse d’Epargne and BNC group) and « BRED Banque Populaire » for the financing of the construction works of the North Plant via SMSP. Thanks to the industrial partnership with the world leader of stainless steel POSCO and the launching of the Gwangyang processing Plant in...

Tax incentive scheme confirmed for the Northern Plant

Koniambo Nickel SAS (KNS)  announced today the granting by the French authorities of a tax ruling  (décision d’agrément) pursutant to French tax legislation for the promotion of investments in French overseas territories (the so-called “Loi Girardin”) that is expected to  result in a benefit of up to USD223 million to the Koniambo project. Pursuant to...

Xstrata approves Koniambo Nickel Project

The Board of Xstrata Plc approved the development of the Koniambo project. It implementation will entail investment of $3.8 billion to be funded by both partners. The decision came after a one-year renewal phase with the objective to provide additional confidence in the project’s costs and development schedule.

Review of the conclusions of the renewal report

Koniambo Nickel Sas Board of Directors met on August 23 in Toronto, at Xstrata Nickel headquarters, and reviewed the renewal plan of the Koniambo projet. The Board members have reviewed details of project execution planning, cost and schedule optimization and execution preparedness. In a timely manner, but separately, the individual Boards of Directors of each...
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