NEW CALEDONIA NICKEL PLANT BACK ON TRACK

WELLINGTON, New Zealand (RNZI, Dec. 4) - Canadian mining company Inco has chosen a new company to build New Caledonia’s unfinished Goro nickel plant.

The US$1.8 billion plant, south of the main island, will be built by an Anglo-Canadian joint venture, called CEG, which has been formed for this purpose.

CEG is made up of Foster Wheeler and SNC Lavalin.

The announcement comes after the region’s biggest planned project was put on hold last year over fears of its viability because of $600 million in cost overruns.

The company says talks are still underway with the French state to get tax relief worth about 350 million dollars.

December 4, 2003

Radio New Zealand International: http://www.rnzi.com/

 

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