{"id":507726,"date":"2021-06-29T09:32:07","date_gmt":"2021-06-29T13:32:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vale-invests-150-million-to-extend-life-of-manitoba-operations\/"},"modified":"2021-06-29T09:32:07","modified_gmt":"2021-06-29T13:32:07","slug":"vale-invests-150-million-to-extend-life-of-manitoba-operations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vale-invests-150-million-to-extend-life-of-manitoba-operations\/","title":{"rendered":"VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS"},"content":{"rendered":"
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Thompson, Manitoba, June 29, 2021 (GLOBE NEWSWIRE) — Vale announced today a $150 million CAD 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.<\/p>\n

The Thompson Mine Expansion is a two-phase project. Today\u2019s 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%.<\/p>\n

\u201cThis is the largest single investment we have made in our Thompson operations in the past two decades,\u201d said Mark Travers, Executive Vice-President for Base Metals with Vale. \u201cIt 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 \u2013 positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.\u201d<\/p>\n

Coupled with today\u2019s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.<\/p>\n

\u201cThis $150M investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,\u201d added Dino Otranto, Chief Operating Officer for Vale\u2019s North Atlantic Base Metals operations. \u201cActive collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.\u201d<\/p>\n

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company\u2019s history.\u00a0 Mining of the Thompson orebody began in 1961.<\/p>\n

\u201cWe see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,\u201d said Gary Annett, General Manager of Vale\u2019s Manitoba Operations.<\/p>\n

\n About Vale<\/b>\n <\/p>\n

Vale\u2019s global Base Metals business is among the world\u2019s largest producers of high-quality nickel and an important producer of copper and responsibly sourced cobalt. With headquarters in Toronto, Canada, and operations in Newfoundland & Labrador, Ontario, Manitoba, Indonesia and Brazil, the Base Metals business delivers critical building blocks for a cleaner, greener future.<\/p>\n


\n
\n \n <\/div>\n

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Tara Ritchie\r\nVale\r\n(204) 679-0124\r\nTara.Ritchie@vale.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Thompson, Manitoba, June 29, 2021 (GLOBE NEWSWIRE) — Vale announced today a $150 million CAD 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. Today\u2019s 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%. \u201cThis is the largest single investment we have made in our Thompson operations in the past two decades,\u201d said Mark Travers, Executive Vice-President for Base Metals with Vale. \u201cIt is significant news for our employees, for the … <\/p>\n
Continue reading “VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vale-invests-150-million-to-extend-life-of-manitoba-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Thompson, Manitoba, June 29, 2021 (GLOBE NEWSWIRE) — Vale announced today a $150 million CAD 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. Today\u2019s 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%. \u201cThis is the largest single investment we have made in our Thompson operations in the past two decades,\u201d said Mark Travers, Executive Vice-President for Base Metals with Vale. \u201cIt is significant news for our employees, for the … Continue reading "VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/vale-invests-150-million-to-extend-life-of-manitoba-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T13:32:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MjM0NSM0Mjc0NTIyIzIxODQ2MTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS\",\"datePublished\":\"2021-06-29T13:32:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/\"},\"wordCount\":411,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3MjM0NSM0Mjc0NTIyIzIxODQ2MTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vale-invests-150-million-to-extend-life-of-manitoba-operations\\\/\",\"name\":\"VALE INVESTS $150 MILLION TO EXTEND LIFE OF MANITOBA OPERATIONS - 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