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Vale expects deal to bring Onca Puma nickel mine back online soon

Reuters | June 20, 2024 | 1:11 pm Top Companies Latin America Nickel 
Judge restores operating license at Vale's Onca Puma mine
Onca Puma mine. Credit: Vale

Brazilian miner Vale expects to reach a deal in the coming days with northern Para state to resume activities at its Onca Puma nickel mine, the firm said in a statement on Thursday.

The mine had its operating license suspended earlier this year after Para’s environment department flagged irregularities in an annual environmental report.

Vale “hopes to conclude a deal in the coming days,” Vale told Reuters in a statement.

The Onca Puma mine accounted for around 10% of Vale’s total nickel production last year.

(By Ricardo Brito, Marta Nogueira and Luana Maria Benedito; Editing by Anthony Esposito)

Read More: Vale sees higher 2026 copper, nickel output after investments

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