Construction on the Voisey’s Bay underground mine in Labrador is set to begin this summer.
Three former Liberal premiers were on hand for the official announcement this morning at the Sheraton Hotel in St. John’s, 16 years to the day that the original Voisey’s Bay agreement was signed.
The project is expected to result in 1,700 jobs in Labrador and at Long Harbour, and $69-million in tax revenue for the province. Premier Dwight Ball says today’s announcement will expand the mine’s life by 15 years.
Aboriginal leaders join in today’s announcement pic.twitter.com/Y4GlSQwwoB
— Brian Madore (@bmadorevocm) June 11, 2018
Contract tender and recruitment by Vale will begin soon. First ore from the underground mine is expected no later than April of 2021.
The underground portion of the Voisey’s Bay nickle-ore mine was first announced 16 years ago, but was put on the backburner when markets slowed.
The co-discoverer of the Voisey’s Bay site, Al Chislett passed away in April.
Former Premier Roger Grimes who signed the original agreement 16 years ago says the project has been a good one for the province.
He says too often you hear about things that don’t go the way they should, but Voisey’s Bay is a good news story.
Benefits to Local Residents and the Province as a Whole, says Ball
Eduardo Bartolomeo of VALE says the quality of the deposits at Voisey’s Bay is very high.
He calls it a rich ore body with high quality cobalt and copper ore.
The ramp mine will extend between 700 and 900 meters below the surface.
Premier Dwight Ball says there was no need to change existing development agreements with local Indigenous groups. He says the benefits to local residents and the province as a whole will be great.