China's Jinchuan in talks over nickel treatment plant in New Caledonia nickel |
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Published
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Fri, 12 Jan 2007 10:55
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NOUMEA, New Caledonia (XFN-ASIA) - Nickel exporter Societe Miniere du sud Pacifique (SMSP) has begun talks with China's Jinchuan on building a nickel treatment plant, SMSP chief Andre Dang said.He said the firm signed a memorandum of understanding with Jinchuan late last year on the feasibility of building a factory to process laterite ore.World nickel production usually comes from sulphide ore but experts in the sector believe most of the expansion in capacity in the next decade will come from processing laterite ore, which usually has less of the metal.Dang said any plant would likely not be built in New Caledonia but in Australia due to the problem of waste disposal although the laterite would come from the French territory.Jinchuan is China's largest nickel producer with annual production capacity of 60,000 tonnes. It also produces copper, cobalt and platinum.SMSP is among the world's biggest nickel ore exporters with key clients in Australia, Japan and Ukraine.It has been supplying the Chinese market since last June through an accord with China's Ningbo. New Caledonia, around 2,000 kilometres east of Australia, holds some 25 percent of the world's nickel reserves.afp
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