Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry.

The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday.

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

The French government plans to offer fresh subsidies and loans for a New Caledonia nickel plant co-owned by commodities group Glencore but won’t go any further than that, Finance Minister Bruno Le Maire said on Tuesday.

Major African mining companies are beginning to realise the immense potential of AI to disrupt entire industries

The year 2023 proved to be a tough year for Africa’s mining industry due to a myriad of international and domestic factors.

OPENING REMARKS BY THE HONOURABLE MINISTER OF MINERAL RESOURCES AND ENERGY MR GWEDE MANTASHE (MP) INVESTING IN AFRICAN MINING INDABA

The year 2023 proved to be a tough year for Africa’s mining industry due to a myriad of international and domestic factors.