Vale will not put more money into New Caledonia nickel project, ceo says

Vale is continuing to try to find a sustainable model for its New Caledonia nickel project [VNC], but if a solution is not found, the miner will have to shut down the loss-making operation, ceo Fabio Schvartsman said.

“We are clearly looking in depth into how and if we can transform it into a sustainable operation,” Schvartsman said on Thursday July 27.
“Our main goal is to find the sustainable model [for VNC]. If we can’t find it, then we will have to shut it down,” the executive added.

He also said about Vale’s nickel...


Danielle Assalve

July 27, 2017

17:30 GMT

São Paulo