The plan to move operations at the Voisey’s Bay nickel mine underground is now on hold.
Mine owner Vale says that a depressed market has lead to a review of all projects, including the underground mine at Voisey’s Bay.
That’s according to spokesperson for Vale Cory McPhee, who says “The nickel price has been depressed for some time now with no immediate or short term relief.”
Although this has an impact with the underground mining project, it will not have an effect on the day to day operations at Voisey’s Bay.
Underground mining was scheduled to begin in 2020.