Vale Fails To Meet Nickel Output Expectations

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.

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