Falconbridge offers to go it alone on Koniambo
Dec 14, 2005 | 03:41 PM
| Rory Carroll
Falconbridge Ltd. is believed to have offered to take on the full financing costs of the proposed 60,000-tonne-a-year Koniambo ferronickel mine in New Caledonia.
Falconbridge declined to disclose the exact nature of the offer to SociÃ©tÃ© MiniÃ¨re du Sud Pacifique SA (SMSP), its current partner in the project with a 51-percent stake, or whether it wants to acquire full ownership."The matter is progressing," a Falconbridge spokesman said Wednesday. "We have made an offer to SMSP, which has not yet been accepted. When we have something to announce we will distribute a news release, but at this stage we have nothing final."....
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