Category

SMSP

The 15th SMSP/POSCO/NMC/SNNC Technical Committee was held in Gwangyang from 7th to 10th May 2012

The 15th Technical Committee has gathered the representatives of the two partners, SMSP and POSCO as well as the technicians of the two mining and metallurgical subsidiaries, NMC and SNNC. The schedule of this Committee was emphasized on the various stages of the production chain, beginning with the extraction of ore, its processing (sorting, haulage,...

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...

Expansion of the Gwangyang Plant capacity

SMSP / POSCO partnership decides to proceed to the expansion of its ferronickels production capacity. The SNNC Plant, with a nominal capacity of 30,000 tons of nickel metal contained in ferronickels, will increase its capacity of 24,000 additional tons, that is to say a total capacity of 54,000 tons. A second line, comprising a new...

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...

Results of the SMSP / POSCO partnership in 2010

The implementation of the double shift has allowed NMC to reach the objective of production, that is 1.763.986 tonnes of saprolite ore, with the creation of 118 additional jobs in mining sites. The volume of nickel metal contained in ferronickel produced by SNNC in 2010 is 20.512 tonnes with sales to POSCO reaching 21.388 tonnes.

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...

Resolutions of SMSP Board of Directors

SMSP Board of Directors met in Noumea on September 7. Amongst a certain number of points that have been reviewed, two important resolutions regarding the construction of the Northern Plant have been endorsed by all its members. The Board members reviewed details of project execution planning, execution preparedness, schedule and cost optimisation and were able...
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