Vale gets extension for exporting Voisey’s Bay ore

Vale has won approval from the Newfoundland and Labrador government to export more nickel concentrate from its mine at Voisey’s Bay, as a result of delays in commissioning its $4.25 billion processing plant in Long Harbour.

The company will pay $200 million over four years in compensation for the right to export an additional 94,000 tonnes of nickel concentrate from its mine on Labrador’s northern coast to its other processing facilities in Ontario and Manitoba. Vale will contribute another $30 million to a community fund.

Read more at: http://www.cbc.ca/news/canada/newfoundland-labrador/vale-gets-extension-for-exporting-voisey-s-bay-ore-1.2969111

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