Glencore to Sell Stake in Koniambo Nickel Venture Amid Continued Losses
Mining giant Glencore is looking for a buyer for its stake in the Koniambo Nickel joint-venture, as the project faces mounting losses due to falling nickel prices. Glencore plans to transition the New Caledonia-based Koniambo Nickel to a care and maintenance status, with a six-month winding-down period.
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