Fire Hits New Caledonia Koniambo Nickel Project; No Delays

Reuters Africa reported the development timetable for the Koniambo nickel project in New Caledonia was unaffected by a weekend fire.

As quoted in the market news:

Xstrata has set a mid-2012 start-up date for Koniambo, which is being built to produce 60,000 tonnes of nickel metal annually by 2014. At that rate, it would be one of the world’s largest operations of its kind and account for nearly 5 percent of global output.

Click here to read the full Reuters Africa report.