Asset Report

Gwangyang nickel operation

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15 February 2021

Gwangyang nickel operation

Report summary

In January 2006, POSCO and Société Minière du Sud Pacifique SA (SMSP) in New Caledonia formed a joint venture for the construction of a ferro nickel plant in South Korea. SMSP would provide around 1.8 Mwt of ore grading 2.2% Ni to the plant which would produce around 30kt Ni/a in FeNi (ca. 20% Ni). Construction of Gwangyang commenced in mid-2006 and the plant was commissioned in October 2008 at a capital cost of US$352 million.

Table of contents

  • Mining
  • Process

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  • Cashflow

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    Gwangyang nickel operation

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