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Vale evacuates New Caledonia mine after protests

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Dec 11, 2020 Precious Metals News Comments Off on Vale evacuates New Caledonia mine after protests



Vale said today that its Nouvelle-Calédonie S.A.S. (New Caledonia) operations have been evacuated following a night of protests at and near the site by independence activists in New Caledonia.


“The plant is currently under the protection of the Gendarmes (military forces) and operations have been halted until safe work and community conditions prevail. Thanks to the exceptional commitment of our employees and Gendarmes, there were no injuries, no environmental damage and no industrial accidents. The operations are being shut down in a safe and controlled manner,” said the company in a statement.


Social media pictures show fires, riot police and widespread protest in New Caledonia.


Affrontements ce matin dans les rues de Nouméa pour l’usine du sud #NouvelleCaledonie

Crédit photo: Esteban Gardes pic.twitter.com/D1r2oBh91J

— L’éxilé (@L_exile988) December 7, 2020


Earlier in the month, Vale signed a binding put option agreement for the sale of its ownership interest in the mine. Sale of the mine is tied up in independence movement with factions preferring the mine’s sales to a rival bidder.


According to Nickel 97, Goro is one of the largest nickel reserves in New Caledonia, which produces 25% of world nickel reserves.


🔴 Situation quasi-insurectionnelle à l’usine de Nickel en #NouvelleCalédonie, dont la vente suscite la colère des indépendantistes. Les gendarmes ont fait usage de leurs armes pour empêcher des intrusions sur le site. L’usine a été évacuée et mis en arrêt d’urgence. pic.twitter.com/eeFKqkQTfc

— Anonyme Citoyen (@AnonymeCitoyen) December 10, 2020



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.





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