Second Nickel Company
p. 133 · Read in the full issue
Urged For N. Caledonia
Newspapers in Noumea have step ped up demands for a second nickel company to start exploiting New Caledonia's vast nickel deposits, PIAA's Noumea correspondent reports.
The French Minister for Overseas Territories, General Billotte, said last December (PIM, Jan., p. 142) that a second company with a majority of French capital, would be allowed to begin mining operations in New Caledonia, but the French Govern ment has said nothing more about this, Noumea's newspapers have drawn attention to recent discoveries of nickel in Australia and the example of Australia using foreign capital to develop its mining industry. They argue that New Caledonia's nickel could suffer if a second company isn't set up in the territory before Australia's nickel industry gets into full stride.
International Nickel, American Metal Climax, Patino Mining Corporation, of Canada, the US Hanna Mining Co., and Canadian Madison Lines have all applied to work in New Caledonia.