Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (176416)	1/24/2024 1:19:47 PM
From: LoneClone	Read Replies (1) \| Respond to of 192593

Eramet's New Caledonia nickel plant runs reduced output after power incident ca.finance.yahoo.com Reuters Mon, January 22, 2024 at 9:15 a.m. PST·1 min read ERA.PA +4.33% ERMAY +5.23% PARIS (Reuters) - SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity after an electrical incident over the weekend caused a local power cut. The production process at the company's Doniambo plant in New Caledonia was disrupted by the breaking of several furnace cathodes, which in turn destabilised the power grid and caused a power cut of around two hours on Saturday, SLN said in a statement. The facility, which makes ferronickel for use in stainless steel, was taken off the grid and connected directly to a floating power unit that SLN had hired in 2022 to bolster its power supply, the company said. Production was continuing at a significantly reduced rate, an Eramet spokesperson said by phone, adding that the incident appeared to be due to multiple factors and it was too early to say when the situation would return to normal. SLN and New Caledonia's two other nickel processors are currently involved in negotiations to rescue the French Pacific territory's loss-making nickel industry, in which energy supply is one of the main issues.