Glencore group confirms its decision to withdraw from the Koniambo Nickel (KNS) plant. The factory north of Caillou was designed to rebalance jobs and wealth between the two parts of the archipelago.
Glencore estimates having spent more than 4 billion dollars and “more than 9 billion since the start of the project” “Even with the proposed aid, KNS remains unprofitable” and has accumulated 14 billion euros in debt, says Glencore.