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Two bids for Glencore's troubled New Caledonian nickel stake

The mothballed operation has a history of loss-making

Nathan Richardson
NEW CALEDONIA - CIRCA 1948: A stamp printed in France shows Nickel foundry and ship.

NEW CALEDONIA - CIRCA 1948: A stamp printed in France shows Nickel foundry and ship. | Credits: Shutterstock.

Despite years of losses and recent social unrest, Glencore's 49% stake in the mothballed New Caledonian nickel producer Koniambo Nickel (KNS) has attracted two potential buyers, KNS told Reuters on January...

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