Production Suspended at Koniambo Nickel Plant

Reuters reported that production at the New Caledonia-based Koniambo nickel plant has been suspended following a metal spill last week. Glencore plc (LSE:GLEN) holds a 49-percent interest in the plant, while Société Minière du Sud Pacifique holds the rest.

As quoted in the market news:

Output was put on hold after the spillage from a furnace was detected on Dec. 26, with an investigation underway to determine the cause of the incident, said Glencore.

An initial assessment by staff at the site showed no major structural damage and the impact was contained in a metal tapping area, the company said.

‘The rest of the operation is in a steady state, however, production remains on hold,’ Glencore said in a statement emailed to Reuters on Tuesday.

There were no injuries or impact to the environment, it said.

Click here to read the full Reuters report.