RE:ROF Ni Conc & Chromite Ore Custom Shippers Vale Canada & Glencore Canada, due in part to serious problems in New Caledonia, may reconsider Merging their Sudbury Area Ni, etc UG Mining & Value Adding Facilities. Such a Merger could include KWG, on behalf of all ROF Chromite Custom Shippers to KWG's Adding Maximum Values Ferrochrome, etc Facilities & the Canadian National RR would start Fast-Track building KWG's NS RR to the ROF. Following By John Braddock
4 October 2016 https://www.wsws.org/en/articles/2016/10/04/cale-o04.html
During 2015, the price of nickel on the world market fell by more than 40 percent, ending the year at $US8,100 a tonne, compared with a high of $51,800 in 2007. The current price is below the cost of production for more than two-thirds of the world’s mines. The New Caledonia industry recorded losses of $US1 billion for 2015. According to Bloomberg, the Brazilian-owned Vale mine at Goro produced at a cost of $20,000 a tonne last year, while Koniambo spent $33,000 a tonne.
Last December, Glencore CEO Ivan Glasenberg warned: “We have no intention to continue running the asset and burning cash like some other parties in that area.” The same month, Jennifer Maki, Vale’s head of base metals, told investors in London: “We know everybody in this room’s patience is wearing, and our patience is wearing. We’re analysing our options in New Caledonia.”