May 17, 2020

African Mining Leaders Gather in London for Summit

Mining On Top - Africa 2014
African mining
London conferen
2 min
Mining On Top - Africa 2014 will focus on the best ways of developing African mining sector.
Global mining leaders are gathering in London tomorrow (June 24) for the beginning of a three-day summit aimed at creating a greater understanding and i...

Global mining leaders are gathering in London tomorrow (June 24) for the beginning of a three-day summit aimed at creating a greater understanding and improving the social and economic outcomes of African mining.

 Mining On Top – Africa 2014 has an impressive line-up of speakers including government ministers and CEO’s of some of the continent’s biggest mining companies.

The prestigious event allows governments to meet the investors, the mining community and civil society to plan how to create shared value from the continent’s mining sector.

Africa boasts all 10 of the world’s fastest growing economies and foreign direct investment has risen five-fold in the past decade.

Continued maximisation of extractive revenues is essential to support the growing expectations of the expanding middle classes and sustain the increased urbanisation of the population.

However, commodity prices have declined, from recent highs; exploration spending has slumped and mining companies of all sizes are focusing on reducing costs.

The summit will discuss how the resource rich continent should respond to these challenges and focus on the collaboration required to ensure its abundant mineral wealth is developed to the benefit of all.

The London Summit, which is being held at One Great George Street, London, brings all constituents to African mining together to promote understanding, and to grapple with the realities of how this can be achieved.

Among the speakers will be Angola’s Minister of Geology and Mines, Francisco Queiroz, who will focus on discussion of public management of the mining resources, public infrastructure to support the National Plan of geology and business opportunities.

Other leading speakers from major companies include: Frahad Abasov, President, CEO and Director of Allana Potash; Tom Albanese, CEO Vedanta Resources; Harry Anagnostaras-Adams, Non-Executive Chairman of Australia-based KEFI Minerals; Andrew Bone, Director of International Relations for De Beers; and Stuart Brown, CEO of Firestone Diamonds.

Government and academic officials include:  Dr Andu Ezbon Adde, Under Secretary Mining of South Sudan; Darky Africa, Commissioner of Development Planning, NW Province, Republic of South Africa;  Dr Ana Elizabeth Bastida, Mining Programme Director, Centre for Energy, Petroleum and Mineral Law & Policy, University of Dundee; and Nicola Barnfather, Extractives Adviser (Environment) Department for International Development.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn 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.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The 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 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.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn 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,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active 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.”

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’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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