Nickel: Investment in #NewCaledonia’s #Koniambo queried

Koniambo nickel plant

The head of #Glencore, #IvanGlasenberg, says the decision by mining companies to keep #Nickel operations going despite them being unprofitable is incomprehensible.

According to comments in the publication, #MetalBulletin, Mr Glasenberg has warned that his company is not married with #Koniambo and it’s not its style to burn cash.

Read more at: http://www.radionz.co.nz/international/pacific-news/292191/investment-in-new-caledonia’s-koniambo-queried

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