#Vale’s $10 billion spend on #Canada targets existing potential

Vale Base Metals chairman Mark Cutifani is undertaking a unit-wide asset review that will likely find more potential at the company’s operations in Sudbury, Ontario; Thompson, Manitoba; and Voisey’s Bay and Long Harbour, Newfoundland; Olson said.

Vale also may have an announcement soon on the Bécancour nickel sulphide processing project it’s advancing to supply 25,000 tonnes of nickel a year to General Motors, she said. That deal, announced just over one year ago could be worth about C$762 million per year.

“There’s just a clarity and a certainty in regulation and Canada is a mining country and with that comes a lower risk, and equally you have the wonderful benefit of renewable and clean power,” Olson said. “Canada has a great opportunity to further establish itself as a leader in our industry with community and Indigenous rights leaders.”

Read more at: https://www.mining.com/future-minerals-forum-vales-us10b-for-canada-targets-existing-potential/

Leave a comment