After a protracted sale process, New Caledonia's huge nickel plant at Goro has gone into majority local ownership.
A binding agreement has been finalised, concluding the Brazilian owner Vale's efforts to divest itself from the plant.
My colleague Walter Zweifel, who has been following developments, joins me now.
Its been a long road getting to this point Walter tell us how this sale all unfolded?
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A photo taken on May 27, 2015 shows Brasilian Vale's nickel processing plant of Goro in southern New Caledonia. Photo: Fred Payet