Vale Inco will reduce Voisey's Bay mine output to an average annual level of 55,000 tonnes of nickel over the next four years. The amendment came after the company announced the hydrometallurgical plant in Long Harbour will be completed 2013, more than a year after is was due to come online.
Meanwhile concentrates will continue to be Sudbury bound for processing.
And while development is slowing down in Canada, Vale Inco has decided to purchase Rio Tinto's undeveloped potash and iron ore assets for $1.6 billion.
A company spokesperson from Rio stated the proceeds from divestments would be used to repay debt.
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