Big news for the mining giant Vale, which has operations in Sudbury.
The company is investing $2-billion to open a new underground mine in Labrador.
An existing mine in northeastern Labrador currently employs about 500 people.
The new mine is ultimately expected to create 1,700 jobs.
In the long-term, the outlook for nickel demand is bright because it's used in electric car batteries and stainless steel.
Nickel prices are up lately, hovering around $7 U.S. per pound.
