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VALE SA (VALE) Q2 2021 Earnings Call Transcript

VALE SA (VALE) Q2 2021 Earnings Call Transcript
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

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Vale invests CAN$150 million to extend life of Manitoba operations

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Vale has announced a CAN$150 million investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
The Thompson Mine Expansion is a two-phase project. The recent announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba. The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key ....

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CABC Announces New Board of Directors and Officers

CABC Announces New Board of Directors and Officers
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Vale to invest $121m to extend life of Manitoba nickel mines

Vale to invest $121m to extend life of Manitoba nickel mines
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