Voisey's Bay Mine
A large nickel deposit was discovered in hills along the western shore of the bay in September 1993 by Archean Inc., a prospecting firm hired by Diamond Fields Resources Inc. This deposit is considered to be one of the most substantial mineral discoveries in Canada in the last 40 years and is estimated to contain 141 million tonnes at 1.6% nickel.
Currently the mining rights for the Voisey's Bay nickel deposit belong to the Toronto-headquartered Vale Inco company, a subsidiary of Vale. The bulk carrier ship Umiak I was built to transport ore from the mine.
Since the discovery of the Voisey's Bay deposit, efforts have been increased to find similar deposits in coastal Labrador.
At present, workers at Voisey's Bay are flown in, via Voisey's Bay Aerodrome, from other communities in the province, and reside at a work camp while onsite. There are no current plans to build a permanent settlement at Voisey.
The question of where Voisey ore would be processed had previously been one of the obstacles to developing the site, with the government of Newfoundland and Labrador demanding that a facility be built in the province to provide jobs there, while Inco workers in Sudbury and Thompson were simultaneously threatening to strike if the ore was not sent to their existing facilities in order to preserve and protect their jobs. The existing workers in Sudbury and Thompson eventually accepted a compromise; the ore would be shipped to their facilities until 2011, then a new facility that was being built in Newfoundland would be ready to begin operations. The profits from Sudbury and Thompson would be reinvested in developing new mining sites in those communities. In November 2008 the honorable Kathy Dunderdale Minister of Natural Resources, announced that construction should start in 2009 to build a $2B hydrometallurgical processing plant in Long Harbour on Newfoundland's south coast (see: Long Harbour Nickel Processing Plant).
- Raymond Goldie (2005). Inco Comes to Labrador. St. John's, Newfoundland, Canada: Flanker Press. p 365. ISBN 1-894463-75-7.
- ""Important Facts: Project Overview- Voisey's Bay Project"". Retrieved 2007-05-09.
- "Voisey's Bay workers end strike after voting to accept deal", cbc.ca, September 27, 2006.
- "Cautious optimism", Northern Ontario Business, July 2002.