Twenty two years ago, Robert Friedland’s Diamond Fields Resources Inc. stumbled onto nickel while looking for diamonds in Canada’s remote north.
Only 3 years later, in 1996, Friedland sold his lucky strike, the Voisey’s Bay Nickel Deposit, for 4.3 billion U.S. dollars to Inco.
Prior to being purchased by Comphanhia Vale do Rio Doce (now Vale) in 2006, Inco was the world’s second largest producer of nickel.
In 2005, the Voisey’s Bay open-pit and concentrator started production. Vale is currently completing an engineering study for an underground mine to be constructed between 2016-2019 extending mine life to 2035.
Now, one could think that some more nickel deposits were discovered around Voisey’s Bay; as being the case with all other major nickel mining districts in the world (Sudbury, Norilsk, Thompson, Raglan). However, this is not the case. The multi-billion dollar question is "why?" Truly great answers are provided by Vale’s former Principal Geologist, Everett Makela, and Kyler Hardy from Equitas Resources Corp., in two interviews included in the full research report.