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 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...
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...
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.
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...
