Nickel Laterites: The World's Largest Source of Nickel
The project is owned by Vale (69%), a joint venture company composed of Sumic Nickel Netherlands, Sumitomo Metal Mining and Mitsui (21%) and the remaining 10% by three provinces within New Caledonia. The mine has a mineral reserve of 124 million tonnes, with an average nickel content of 1.48% and a cobalt content of 0.11%.