Vale (NYSE: VALE) announced Wednesday that it is extending the care and maintenance period at its Voisey’s Bay mine in Labrador, Canada for up to three months.
On March 16, Vale reported that it would cut activity at Voisey’s Bay for four weeks due to its remote location and as a precaution to mitigate the spread of covid-19.
To date, none of the workers at Voisey’s Bay have tested positive for coronavirus.
“The Long Harbor processing plant is still in operation and nickel and cobalt production should not be affected. Copper production at Voisey’s Bay, however, will be reduced in proportion to the mine downtime,” Vale said at the time.
The mine produced 25,000 tonnes of copper concentrate in 2019.