Vale considers options at New Caledonia nickel operations

Vale is considering options at its New Caledonia nickel operations, the head of base metals at the miner said.

Jennifer Maki said that operating on the southwest Pacific Ocean island had been “very challenging” for Vale. New Caledonia is the highest cost nickel operation in Vale’s base metals portfolio and is facing the double whammy of a slump in nickel prices. “We know the patience of our shareholders is wearing thin with regards to New Caledonia,” Maki said during the company’s annual investor day in...

Published

Andrea Hotter

December 02, 2015

00:15 GMT

New York