Falconbridge nixes French funding plan for Koniambo
Dec 01, 2005 | 02:25 PM
| Rory Carroll
Falconbridge Ltd. will work quickly to find a new financing deal for its $2.2-billion, 60,000-tonne-a-year Koniambo ferronickel project in the northern province of New Caledonia, but if it is unsuccessful the project could be in serious jeopardy, the Toronto-based miner said Thursday.Word spread Thursday that the company had rejected the latest financing plan from the French government, which controls the Pacific island. The company confirmed it is talking to other possible investors but declined to disclose names.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.