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A Strategic Conference for New Caledonia’s Nickel Industry

Organised by the Chamber of Commerce and Industry (CCI), the conference dedicated to the global nickel market and the situation in New Caledonia brought together the key stakeholders of the industry on November 19, 2025. Hosted by Dominique Katra, the event gathered 180 participants, including Thibault Martelin, President of Prony Resources, alongside Guillaume Kurek, CEO of SLN, and Jérôme Baudelet, CEO of Eramet Indonesia.

The objective of this meeting was to share a clear assessment of the major changes affecting the international market, while identifying concrete solutions to build a sustainable future for the nickel industry in New Caledonia.

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A Pillar of the New Caledonian Economy

Nickel accounts for nearly 90% of the value of New Caledonia’s exports and directly or indirectly supports a significant share of local employment. The industry influences a large proportion of public revenues, investment, and the territory’s economic attractiveness, making it a strategic issue far beyond the mining sector alone.

In this context, Prony Resources plays a key role with its Southern Industrial Complex, one of the few facilities in the world capable of producing Nickel Hydroxide Cake (NHC), a material used in batteries for electric vehicles.

By contributing to the global battery value chain, the company positions New Caledonia at the heart of the international energy transition while strengthening the local industrial base.

Key Figures

At the territory level, the nickel and cobalt industry places New Caledonia among significant producers for global markets, with approximately 3,000 tonnes of cobalt produced in 2023 and continued growth in NHC product exports despite an unfavourable price environment.

For Prony Resources, 2025 marks a return to improved productivity, with annual production expected to reach between 35,000 and 40,000 tonnes, bringing the plant closer to its target of at least 45,000 tonnes per year within the next two to three years.

The Southern site employs more than 1,300 people, in addition to a substantial network of subcontractors, and is preparing for the commissioning of the Lucy Project, which is essential to securing residue management and extending operations.

These figures highlight both Prony Resources’ economic importance and the company’s ability to invest in sustainable industrial solutions.

Values Put into Practice

Prony Resources’ participation in this conference reflects its commitment to transparency, responsibility, and dialogue with all stakeholders across the territory.

The company’s key values — “Succeeding together and safely,” “acting with commitment and rigour,” and “delivering performance for the energy transition” — are not merely statements: they are intended to be measured, assessed, and shared.

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Visits by High Commissioner Jacques Billant and South Province Deputy Commissioner Catherine Merckx to the Prony Resources Industrial Site

Prony Resources was pleased to welcome Jacques Billant, High Commissioner of the Republic, accompanied by Catherine Merckx, Deputy Commissioner for South Province, to its industrial and mining site on October 10.

These visits provided an opportunity to present the challenges faced by PRNC and the nickel industry, while also highlighting the company’s performance and ongoing projects.Visite Haut Commissaire 1

Through a Economic and Social Development Fund (Fonds de développement économique et social) loan, paid in three instalments in 2024 and 2025, the French State is supporting PRNC’s production efforts, ongoing recruitment initiatives, and development, as a key player in New Caledonia’s nickel industry.

During the visit, Prony Resources teams presented several key areas of their activities:

  • HSE inductions led by Nicolas Marin, HSE Manager
    • Mine presentation by Bertrand Roquel
    • Lucy Project presentation by Guillaume Perez
    • Discussions on the KO2 basin with Monia Sayari, Geosciences Manager
    • Overview of the hydrometallurgical process by Arnaud De Sainte Marie, Industrial Operations Director
    • Tour of the industrial and port facilities

This meeting provided an opportunity to share the company’s technical and environmental challenges, as well as the innovations being implemented as part of its development.

The visit highlighted PRNC’s key role both in New Caledonia and internationally.

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MINISTERIAL VISIT AT PRONY RESOURCES

Prony Resources had the immense honor to welcome to its industrial site, Mr. Bruno Le Maire, Minister of the Economy, Finance, and Industrial and Digital Sovereignty, and Gérald Darmanin, Minister of the Interior. Their visit was part of the discussions on the institutional future as well as on the future of the New Caledonian nickel sector. The visit began with a welcome custom in the presence of the customary authorities of the Grand Sud, followed by a visit to LUCY and the former Belvédère. On this occasion, the general management was able to present the current industrial situation of the southern plant. This visit was an opportunity to reaffirm the decisive role that Prony Resources could play, especially in France's reindustrialization strategy. Following their visit to the 3 New Caledonian plants, Minister Bruno Le Maire mentioned a "negotiation framework" that should lead to a "global agreement". The pact for New Caledonian nickel would involve three aspects:

1) Exploitation and exportation: "essential condition for the immediate financial profitability of the three industrial sites";

2) Energy restructuring: "the State is ready to take its full part alongside the New Caledonian authorities provided it is based on a profitable project";

3) New economic outlets towards Europe, where the construction of electric and hybrid vehicles requires a supply of this ore.

VISIT OF THE UNITED STATES AMBASSADOR, HER EXCELLENCY DENISE CAMPBELL BAUER

During her visit to New Caledonia, Her Excellency Denise Campbell Bauer visited the Prony Resources New Caledonia site on October 25, 2023. It was an opportunity for the Prony Resources management to present their industrial and mining site and highlight the various initiatives the Southern plant is involved in, as well as the challenges and sustainable projects in the coming years. On the agenda:

  • Visit to the Lucy Project - an innovative method for residue management; a first in the nickel world
  • Explanation of the metallurgical process with a tour of the facilities at the plant
  • Visit to the Prony Port

Prony Resources positions itself today as a player in the global energy transition by producing Nickel and cobalt to the highest industrial and environmental standards. Our intermediate product is strategic for the construction of electric vehicle batteries.

Prony Resources is launching the Employee Shareholders

This exceptional plan is set up at Prony Resources.

Employees can now contribute up to 12% of the capital of the company.

This employee shareholding plan, agreed by the financial markets Authority is a first experience in New Caledonia. It will be abounded by the company up to 100% the first year of the investment by the employee and up to 50% the second year.

This employee shareholding program is going to permit to employees to participate in the development of THEIR own company.

“Invest into our future together”.