ESG

Vale extends suspension at Voisey's Bay

Mine to be on care and maintenance for up to three months

Staff reporter
 The Long Harbour processing plant will continue to operate at Vale’s Voisey’s Bay operation in Canada

The Long Harbour processing plant will continue to operate at Vale’s Voisey’s Bay operation in Canada

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here

The move is expected to impact copper production but not the Labrador operation's nickel and cobalt output.

Vale had put the Voisey's Bay mine on care and maintenance for four weeks on March 16 amid precautionary measures including sending "the great majority" of its staff and third-party employees in corporate offices to work from home. 

The Long Harbour processing plant at Voisey's Bay was continuing to operate, drawing down on stockpiled concentrates, and would produce nickel and cobalt at forecast levels, Vale said.

However copper concentrate production would be reduced by up to 6,000t in the first half due to the mine stoppage.

Vale reaffirmed its commitment to the safety of its people and the communities it operated in and said no employee at Voisey's Bay had tested positive for the coronavirus to date.

Mines are being further impacted as the outbreak continues, with BHP yesterday confirming multiple cases of COVID-19 among its global workforce and Panama's government ordering the temporary closure of First Quantum's Cobre Panama mine following the death of a contractor from the virus and the confirmation of 11 cases.

Vale closed down 0.6% in Brazil yesterday, capitalising it at BRL223.1 billion (US$43.5 billion).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.