May 17, 2020

Exxaro appoints new independent Chairman of the Board

Exxaro Resources
South Africa
mining
Coal
Jonathan Dyble
1 min
Boardroom table
South African coal and heavy minerals company Exxaro Resources Ltd. has announced the appointment of Jeffrey van Rooyen as the company’s new independe...

South African coal and heavy minerals company Exxaro Resources Ltd. has announced the appointment of Jeffrey van Rooyen as the company’s new independent non-executive Chairman of the Board.

“Exxaro is pleased to announce that Mr J van Rooyen, who joined the Board in August 2008 has been appointed as the new independent non-executive chairman of the Board,” the company said in a statement.

“He contributes a wealth of skills and experience and will undoubtedly steer the Board with prudence and integrity.”

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Previous to his latest appointment, van Rooyen stood as the Chairman of the Audit Committee, having resigned from this role at the end of May.

Additionally, he has also acted as the Chairman of the Financial Reporting Standards Council (FRSC), the CEO of the Financial Service Board, and been a Partner at Deloitte & Touche during his career.

Further, van Booyen currently acts as a Director for a number of companies including the Uranus Group, MTN Group and Pick n Pay Stores.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
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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