Vale (VALE) says it will shutter its Frood nickel mine in Canada by the end of 2012 as the...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE) says it will shutter its Frood nickel mine in Canada by the end of 2012 as the sluggish global economy saps demand and undercuts prices for the metal. The world's no. 2 nickel producer plans to make up Frood's annual output of ~3,200 tons of nickel and 2,900 tons of copper by increasing output at other mines in Canada.