$120M for nickel plant 'restructure'

A SPOKESMAN for the Vale Goro nickel plant in New Caledonia says the company’s board has approved $120 million for restructuring the business, which is up for sale.

$120M for nickel plant 'restructure' $120M for nickel plant 'restructure' $120M for nickel plant 'restructure' $120M for nickel plant 'restructure' $120M for nickel plant 'restructure'

Vale New Caledonia comprises the Goro mine, a processing plant and the port of Prony, pictured. In 2018 it produced 34,000 tonnes of finished nickel

Radio New Zealand International reports that the local public broadcaster says a buyer is expected to be announced by the end of next month.

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