[Ferro-Alloys.com] 

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

The French government asked Trafigura to contribute fresh capital to Prony Resources Nouvelle-Caledonie, which it part owns and which in turn owns the Goro mine. The trading house refused, and as a result Prony will need to seek a new investor if it is to secure a government bridging loan, according to people familiar with the matter.

• [Editor:邢亚敏]