New Century Will Buy Goro Mine From Vale
“New Century is pleased to secure this exclusivity agreement in relation to the potential acquisition of the Goro [mine],” New Century Managing Director Patrick Walta said. He added that New Century has been impressed by the VNC site team and the quality and scale of the infrastructure at the Goro mine.
The Goro operations include a fully integrated and operational world-class mine, processing plant and port facility. A plan has already been implemented to improve Goro’s cost base that includes converting to a low-impurity limonite only feed, decommissioning a complex refinery, which has been the major source of operational disruptions, transitioning to 100% mixed hydroxide product (MHP), highly sought after by the electric vehicle industry, and obtaining a license for saprolite ore export. If the transaction proceeds, it would become a major nickel supplier and a non-Democratic Republic of Congo source for cobalt.