First digital BMO Metals & Mining conference in March
BMO Capital Markets' Global Metals & Mining Conference from March 1-5, 2021 will be fully digital for the first time.
The 30th annual conference - normally held in Florida - will unite more than 1,600 professionals online, representing approximately 300 organizations from across the metals and mining industry and institutional investors.
Dan Barclay, CEO and Group Head, BMO Capital Markets said: "We're looking forward to bringing together the biggest players from around the world for insightful presentations and timely conversations, including the critical importance of ESG and sustainability as we collectively work toward a lower carbon economy."
Notable session topics include: China's place in the mining ecosystem; the energy metals transition and adoption of electric vehicles; the strength of the precious metals environment; and ESG and its implications for both metals & mining companies and investors.
"We are honoured to host senior executives and investors in the industry once again at our flagship event, reinforcing the thought leadership and deep sector knowledge associated with BMO Capital Markets," said Ilan Bahar, Co-Head of Global Metals and Mining, BMO Capital Markets.
"The BMO Global Metals & Mining Conference is a testament to our unwavering commitment to the sector and this is no less true in times of the pandemic. Our firm has been a dominant force in metals and mining for more than a century, serving clients in achieving their strategic objectives," said Jamie Rogers, Co-Head of Global Metals and Mining, BMO Capital Markets.
BMO Capital Markets is a member of BMO Financial Group, one of the largest diversified financial services providers in the US with $949 billion total assets as at October 31, 2020.
Vale invests $150mn to extend life of Manitoba operations
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.