May 17, 2020

First steps towards for approval of Tongo Mine in Sierra Leone

Tongo Diamond Project
Sierra Leone Diamond
Stellar Diamond
Dale Benton
1 min
Drilling at Tongo Dyke-1. Photo: Stellar Diamonds
Stellar Diamond, the London listed diamond company, has announced the Sierra Leone Minerals Advisory Board have verbally approved a mining licence for i...

Stellar Diamond, the London listed diamond company, has announced the Sierra Leone Minerals Advisory Board have verbally approved a mining licence for its Tongo project.

The licencing process will now be subject to the National Minerals Agency, the licencing body of the Ministry of Mines. They will then write to Stellar to inform them of any decision and draw up a licencing agreement, which will then be negotiated between Stellar and the Government of Sierra Leone.

Stellar is also negotiating with the Environmental Protection Agency (EPA) with regards to obtaining an environmental licence.

The Tongo Diamond project, 45km north-north-east of Kenema, Sierra Leone, is an exploration mine that looks to recover 955,930 carats in diamonds over its 18-year lifetime.

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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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