Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca
Greater Sudbury’s economy will now be further affected by the growing world economic crisis.
In early November, Xstrata Nickel announced it will cease operations at Craig and Thayer-Lindsay nickel mines, affecting 250 employees. Early retirement options are being pursued by the company and union.
Now the city’s largest employer, Vale Inco, with over 5,000 employees, is stopping production at one mine and mothballing a development project due to slumping prices and demand, said Vale Inco spokespersons Thursday.
Vale Inco announced production cutbacks at its Greater Sudbury operations Thursday morning.
However, for now, the shutdown of the Copper Cliff South Mine and the one year postponement of the Copper Cliff Deep project will not involve layoffs of any Vale Inco employees, said Cory McPhee, director, Vale Inco communications and public affairs.