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...
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...
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 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,...
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...
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...
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...
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...
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...
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.
