1 MINERAL DEVELOPMENT REVIEW V alue of Mineral Shipments T he 2016 forecast g ross v alue of mineral shipments for Newfoundland and Labrador is 27 billion T his is a 35 per cent decrease from the 2015 estimated v alue of 28 billion and is the result of lo w er shipment v alues for all commodities ex ce pt iron ore and g old Employment Emplo yment in the mining industr y has risen 33 percent from last year s 7267 to 7509 person years Emplo yment g ains are primarily the result of acti vity associated with the V o isey s Ba y project including emplo yment at the Long Harbour processing plant and the V o isey s Ba y underg round mine dev e lopment PR ODUCING MINES V ale Newfoundland and Labrador Limited V ale Newfoundland and Labrador Limited VNL operates a mine and mill in V oisey s Ba y and a h y dromet processing plant at Long Harbour T he mine star ted operations in 2005 and produces both nic k el and copper concentrates T he h y dromet plant processes V oisey s Ba y nic k el concentrate into finished nic k el During the first half of 2016 VNL re por ted production of 22 200 tonnes of nic k el 15 100 tonnes of copper and 339 tonnes of cobalt Nic k el production for the first half of 2016 w as 225 lo w er than 2015 due to winter w eather conditions and logistic constraints Emplo yment for all aspects of the V oisey s Ba y project is antic ipated to be 4310 person years for 2016 About 450 people are emplo yed at the V oisey s Ba y mine site and another 475 are emplo yed in operations at the Long Harbour processing plant T he remaining emplo yment is g enerated b y constr uction acti v ity at the Long Harbour plant and at V oisey s Ba y from the underg round mine dev elopment Mining in Newfoundland and Labrador T ABLE OF CONTENTS Mineral Dev elopment R eview P ag e 1 Producing Mines P ag e 1 Dev eloping Projects P ag e 4 Inacti v e Mines P ag e 5 VNL Bulk Car rier Umiak 1 photo cour tesy of VNL