Asset report

Vale New Caledonia (VNC) nickel operation

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Report summary

Vale New Caledonia (VNC) has been plagued by capital cost over runs, start up delays and operations issues since commencing production in 2011. Initial capital costs were put at US$1.4 billion, although final costs were closer to +US$6 billion. Vale has faced many challenges in getting the operation anywhere near its nameplate capacity of 60kt Ni/a and reducing operating costs. Vale stated that 2016 was a key year for VNC in terms of evaluating its performance in the long term and was expected to make a decision on the operation's future by the end of the year.

What's included

This report contains

  • Document


    XLS 746.50 KB

  • Document

    Vale New Caledonia (VNC) nickel operation

    PDF 366.62 KB

  • Document

    GroNi flow.pdf

    PDF 10.52 KB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
    • Mining
    • Process
  • Production
    • Cashflow
  • Timeline

Tables and charts

This report includes 8 images and tables including:


  • Detailed map
  • Production: Image 1
  • Costs: Image 1


  • Key facts: Table 1
  • Participation: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Costs: Table 1

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