Vale's Goro on target, but pipe delays continue
(In U.S. dollars, unless noted)
TORONTO, Aug 27 (Reuters) - Vale Inco (VALE5.SA: ), the nickel wing of the Brazilian mining giant, has fallenfurther behind schedule in its efforts to begin installation of awaste pipe at its massive Goro project in New Caledonia, but saidthe mine is still on budget and on target.
Company spokesman Cory McPhee said the mine was still targeted forcommissioning in late October or early November with a developmentbudget of $3.2 billion.
The company halted work on the waste pipe earlier this yearfollowing opposition from environmentalists and locals. It hadhoped to resume work in July, but McPhee said the company has notbeen able to do so yet. (Reporting by Cameron French; editing byRob Wilson)
From http://www.new-energy-supply.com/
POSTED BY ellieueb AT 8/29/2008 7:23 AM
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