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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