Technip Hatch JV Awarded Koniambo Nickel Project

Technip, in joint venture with Hatch, has been awarded by Falconbridge Limited the project for the construction of the Koniambo nickel smelter unit located in the New Caledonia's Northern Province, near Kone. Koniambo is one of the world's largest and highest-grade undeveloped nickel and laterite deposits. The planned smelter will have an annual production capacity of 60,000 tons of ferrous nickel alloy.

The EPCM contract, valued at over US$ 250 million, includes the engineering for the overall investment, as well as procurement and construction project management services. The engineering will be carried out by Technip and Hatch's engineering centres.

Facilities at this world-class nickel operation will include the laterite mine and ore-transport facilities, a pyro-metallurgical ore processing plant with associated utilities, a coal-fired power plant and other infrastructures. The overall investment in the Koniambo project will total about US$ 2.2 billion.

Construction is scheduled to begin in 2007 with the earliest production start-up targeted for 2009/10.

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Posted 30/01/06

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