05
Mar
10:10
Trafigura takes 19% of VNC's nickel mine
Swiss trading and mining company Trafigura has confirmed it will take a 19% stake in Vale's Goro nickel-cobalt mine (VNC) in New Caledonia.
On Thursday 4 March, local political leaders in New Caledonia agreed to the sale of 19% of VNC shares to the Trafigura-led consortium. This is lower than the planned 25% sale. According to the agreement, political groups proposed that a 51% stake in VNC will be held by New Caledonia's provincia…
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