Voisey’s Bay Underground Mine Will Proceed with Construction this Summer

Premier Dwight Ball announced that the construction of the Voisey’s Bay underground mine will proceed this summer.

The underground mine will extend the operating life of Voisey’s Bay by at least 15 years and will result in close to $2 billion in capital investment by Vale; 16,000 person years of employment during the five-year construction period, peaking at 4,800 in 2020; Once operational, 1,700 in jobs at the underground mine and Long Harbour processing plant; 2,135 person years in indirect and induced employment annually; $370 million per year in labour income; and $1 billion in economic activity annually that will result in $69 million per year in provincial tax revenue.

First ore production from the underground mine is expected no later than April 2021 and provides for continuity of operations at the Long Harbour processing plant.