New Century backs away from Goro nickel deal
Century zinc operator New Century Resources has decided against buying into the Goro nickel and cobalt mine in New Caledonia.
The company announced today that it had elected not to proceed with a binding offer for the acquisition of 95 per cent of the issued shares in Goro owner Vale Nouvelle-Calédonie.
New Century has been engaged in an extensive process of asset due diligence and commercial negotiations since late May with Vale, the French State and other stakeholders.
It said it had also been engaging with the governing body of the Southern Province of New Caledonia regarding ongoing environmental. . .
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