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    market news

    Vale Will Close Frood Nickel And Copper Mine

    Investing News Network
    Oct. 23, 2012 01:00PM PST
    Base Metals Investing

    CNBC reported Vale (SAO:VALE5) says it will close its Frood nickel and copper mine in Canada.

    CNBC reported Vale (SAO:VALE5) says it will close its Frood nickel and copper mine in Canada.

    As quoted in the market news:

    In industry news, Brazilian miner Vale <VALE5.SA> said on Monday it would close the Frood nickel and copper mine in Canada by the end of the year to focus on more competitive reserves as the century-old mine’s resources become depleted and make it less economical.

    Click here to read the full CNBC report.

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