掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


New Century eyes Vale’s New Caledonia mine

  • Wednesday, May 27, 2020
  • Source:ferro-alloys.com

  • Keywords:Vale, New Caledonia
[Fellow]New Century eyes Vale’s New Caledonia mine

[ferro-alloys.com]Australia’s New Century Resources (ASX: NCZ) has confirmed rumours of talks with Vale (NYSE: VALE) to buy the Brazilian miner’s nickel and cobalt operations on the Pacific island of New Caledonia.

The Melbourne-based zinc producer said on Tuesday it had entered into a 60-day exclusivity period with Vale to complete due diligence and negotiate the acquisition of 95% of Vale Nouvelle Calédonie (VNC).

VNC owns and operates the troubled Goro nickel-cobalt mine on the French territory, which has proven a financial burden for Vale since it began operations two years behind schedule in 2010.

The Rio de Janeiro-based miner first announced its intention to exit operations in New Caledonia in December. The decision came after it had to write down $1.6 billion in the fourth quarter related to the ailing mines, the world’s biggest nickel operation.

Vale cut in April its 2020 nickel production guidance to 200,000 – 210-000 tonnes per year from 240,000 tpy to account for the anticipated loss of VNC’s 60,000-tpy output.

Shortly after, the miner revealed it had received non-binding offers for VNC, which includes the Goro mine, a processing plant and the port of Prony.

The companies didn’t disclose financial details of the deal, but Vale had previously said it would book a $400 million impairment on any sale.

New Century noted if the transaction goes through, the financial terms would include a fiscal package to help with transitioning VNC’s operations from Vale Canada.

Major nickel-cobalt player

Australian nickel miner IGO Ltd (ASX: IGO), which became New Century’s top shareholder in April after taking an 18.4% stake, was supportive of the deal and intended to discuss MHP offtake arrangements in the future, it said.

Both Vale and New Century also plan to consult France’s government, as New Caledonia is among the nation’s territories, to confirm its continued financing support for the mine.

Goro’s acquisition, New Century said, would make it a major supplier of nickel and cobalt sourced from outside the Democratic Republic of Congo. The African country is currently the world’s biggest supplier of cobalt for the electric vehicles (EVs) sector.

While the ailing mine has the capacity to produce 60,000 tpy of nickel in the form of nickel oxide, it churned out just 23,400 tonnes of nickel in 2019, slightly over a third of its annual capacity.

The operation has never fully mastered the challenging high-pressure-acid-lead (HPAL) technology used to convert ore to nickel oxides, leaving VNC unable to produce preferential battery material nickel sulfate.

Vale believes the nickel market will enter a surplus in 2020, compared with its previous view of continued deficits. Its long-term outlook, however, remains positive due to factors including demand for nickel in the batteries that power EVs.

(Mining.com)

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 射洪县| 扶余县| 休宁县| 北辰区| 阳城县| 汝城县| 喀喇沁旗| 北京市| 临高县| 广宗县| 仁怀市| 灵寿县| 米林县| 红桥区| 张家港市| 青岛市| 吉木萨尔县| 唐河县| 轮台县| 三河市| 青海省| 游戏| 河曲县| 苍南县| 永安市| 泌阳县| 宝丰县| 镇雄县| 台南县| 德清县| 观塘区| 上思县| 怀柔区| 克拉玛依市| 新闻| 华安县| 富民县| 繁昌县| 望奎县| 灌云县| 洛阳市|