The Limited Times

Now you can see non-English news...

New Caledonia: the economic strategy of the separatists in failure

2021-05-26T20:28:55.652Z


The separatists intend to base the autonomy of the archipelago on the exploitation of nickel. But the management of the entities they already control is catastrophic.


A few months away from a third and final referendum on the independence of New Caledonia, the economic and mining policies of the separatists are in accusation.

In two months, the nickel industry in the northern province of New Caledonia, managed by the separatists, can no longer hide the dramatic situation in which it finds itself.

Armed force in this sector of the pro-independence northern province, the South Pacific Mining Company (SMSP) was placed on May 18 under safeguard proceedings by the Nouméa commercial court.

At the end of April, the Territorial Court of Auditors was already alerting to the impasse of the independentist management of the nickel industry which makes one in five Caledonians work.

Read also:

New Caledonia: the keys to understanding the archipelago mortgage

Grande Terre, the main island of the Caledonian archipelago, harbors around a quarter of the world's nickel resources.

"The major problem is that nickel in New Caledonia is not a simple industrial subject, but a political one

," analyzes a specialist in raw materials.

This article is for subscribers only.

You have 71% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-05-26

You may like

News/Politics 2024-04-02T04:56:38.637Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.