Nearly all of South Pacific territory’s income comes from nickel exports and authorities say job losses and economic downturn could cause political unrest The collapse of Clive Palmer’s Queensland Nickel business has compounded fears of civil strife in unusual Caledonia should the French territory’s key mining customer depart under completely.
The perilous position of the Townsville-based metals producer,which puts nearly all of unusual Caledonia’s export income from laterite nickel ore at risk, has heightened concerns among business operators and government officials that the fallout could spill over from major job and revenue losses into violent industrial clashes.
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Source: theguardian.com