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New Century's Goro push not so confounding

It seems to go against the natural order of things when a company such as New Century with its A$225 million market cap is able to secure a 60-day right to negotiate the acquisition of a project like Vale’s Goro nickel operation in New Caledonia with its US$9 billion in sunk capital.

Barry FitzGerald*
New Century Resources managing director Patrick Walta

New Century Resources managing director Patrick Walta

That is even more so when there is agreement on both sides that the potential acquisition is to be of the negative consideration type in that Vale is to continue funding a $500 million makeover of the...

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