Category

SMSP

The 20th Koniambo Committee was held in Koné on the 23th of November 2012

During this committee KNS has presented the general advancement of the project (including safety & environmental issues, rump up and work in progress of the construction, human resources and social initiatives) while the Cellule Koniambo unit has presented the current situation on the demobilisation of subcontractors working and an analysis on the real estate needs...

Visit of Victorin Lurel at Vavouto

The Overseas Minister went to Koné on November 25, 2012 and visited the Northern Plant. He was accompanied by a delegation comprising the President of the Northern Province Paul Néaoutyine and the elected members, the High Commissioner Albert Dupuy, the Member of Parliement Sonia Lagarde, the Senate President Luc Wema, the Congress President Gérard Poadja,...

Visit of a POSCO delegation in the North

First visit for Kim Joonsik, Senior Executive Vice President of POSCO, in charge of the stainless steel division. The same elected Members of the Northern Province who visited Korea in June, welcomed the delegation to the traditional hut. The delegation was then invited to sit in the premises of the Assembly in order to discover...

The 16th SMSP/POSCO/NMC/SNNC Technical and Financial Committee

The 16th SMSP/POSCO/NMC/SNNC Technical and Financial Committee was held in Gwangyang from 6th to 10th August 2012. The committee was divided into two groups: the Technical Committee for the analysis of production data and the Financial Committee for the analysis of accounting and financial operations of SNNC. SNNC and POSCO teams presented the plant production’s...

Signing of documents of the loan granted by AFD to SMSP for the financing of the Northern Plant’s construction

The two partners have signed all the documentation for the loan amounting to 170 million euros – that is to say more than 20 billion XPF – granted by AFD to SMSP in 2011. With the signing of this documentation, SMSP can now mobilize fund from AFD and participate in the financing of the Northern...

Visit of the Gwangyang Plant by the Northern Province elected representatives

A delegation of 26 persons of the Northern Province and SMSP’s Assembly including the President Paul Néaoutyine and André Dang, went to Gwangyang and Seoul from 25th to 30th June. It was an opportunity for the elected representatives of the Northern Province, particularly those from the new term, to discover POSCO industrial complex and to...

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...
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