Vale halts operations at nickel mine again
2021-10-19 12:08:54 [Print]
Brazilian Vale said on October 18 that it had once again halted operations at its Onca Puma nickel mine after the state of Para obtained a judicial order to reinstate the suspension of the venture's operating license.
Operations at Onca Puma were first halted in early October due to alleged non-compliance with local regulations. A judge granted Vale an injunction on October 7 allowing it to resume activities, but that was overruled by a higher court. Vale said in a securities filing that it would take measures seeking to overturn the decision.
Para's environment department said on October 4 that the license was suspended due to Vale's failure to comply with terms of the permit, which included an obligation to provide services for communities surrounding the mine.
Operations at Onca Puma were first halted in early October due to alleged non-compliance with local regulations. A judge granted Vale an injunction on October 7 allowing it to resume activities, but that was overruled by a higher court. Vale said in a securities filing that it would take measures seeking to overturn the decision.
Para's environment department said on October 4 that the license was suspended due to Vale's failure to comply with terms of the permit, which included an obligation to provide services for communities surrounding the mine.
Nickel Ore Philippine 1.5%min CIF China
Unit:USD/mt
China nickel sulfate producers' inventory statistics by province by month
Unit: mt
