KWG Resources Inc.

Exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Vale Nickel Cuts ???

KWG Resources Inc.

over 15 years ago

Vale says further cuts to nickel output possible

Companhia Vale do Rio Doce chief executive officer Roger Agnelli said the company may need additional cuts in nickel production after metal demand slumped. "Everybody's shutting nickel production, we're shutting and may need to go further," he said on a conference call yesterday. Miners worldwide are paring output as the global recession pares the use of metals. Vale is involved in negotiations on a "restructuring" of its Canadian nickel operations, Mr. Agnelli said. "We're adjusting output at the high-cost Sudbury mine and doubt it's possible to sustain current production levels there," he said. But output at Voisey's Bay should remain at full capacity, he said. VALE5 fell 1.91 Brazilian reals to 27.86 reals. ($14.62).