The Conversation (0)
Platts reported lower-than expected nickel output at two Vale (SAO:VALE5) mines means the company may not meet its output target for 2012.
Platts reported lower-than expected nickel output at two Vale (SAO:VALE5) mines means the company may not meet its output target for 2012.
As quoted in the market news:
Vale’s VNC project in New Caledonia and its Onca Puma operation in Brazil, both projects in their ramp-up phase, were recently shut because of operational issues.
Vale’s director of base metals and information technology, Peter Poppinga, said during a conference call that the nickel operations have been “very challenging,” performing below expectations.