Asset Report
Goro nickel operation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Goro nickel operation has been plagued by capital cost over runs, start up delays and operations issues since commencing production in 2011. Initial capital costs were put at US$1.4 billion, although final costs were closer to +US$6 billion. As of 2024, SPMSC holds a 30% majority stake in Prony Resources. The remaining ownership is split among Prony Resources' employees via the FCPE (12%), local population via the FPRESC (9%), Trafigura (19%), and La Compagnie financière de Prony (30%), which includes industrial investors, clients, and management of Prony Resources. Civil unrest in New Caledonia forced Goro to suspend operations for several months in 2024. Despite resuming production in December, Prony Resources cautioned about the operation's financial fragility.
Table of contents
- Emissions
- Mining
- Process
- Cashflow
Tables and charts
This report includes the following images and tables:
- Goro Emission Intensity Quartile Ranking - total global production - tonnes Ni equivalent
- Detailed map
What's included
This report contains:
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