Glencore Seeks Buyer for Stake in Koniambo Nickel Joint-Venture amid Slumping Prices
Glencore, the Anglo-Swiss mining giant, announced on Monday that it is actively searching for a buyer for its stake in the Koniambo Nickel (KNS) joint-venture in New Caledonia. This decision comes as a result of the continuous losses faced by the operations due to the slumping nickel prices.
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