[INFOGRAPHIC] How Anglo American Creates Value for Society
Anglo American recently announced its 14th annual Sustainable Development report, detailing the mining company’s sustainability performance in 2014. The report highlighted various ways the company creates value for society, including investing in its people and managing its environmental impact, as well as its focus on effective partnerships and collaboration with key stakeholders, which Anglo American believes is key for a sustainable future in the mining industry.
"Our vision of long-term partnership with our stakeholders reflects our belief that, for us to be successful, we need to co-create a new deal around our core mining business,” said Mark Cutifani, chief executive of Anglo American.
“We will only be able to continue to deliver returns to shareholders if, in the eyes of our key stakeholders, we continue to build on this vision by delivering value to and with broader society. Getting this right is ‘mission-critical' for Anglo American if we are to make a positive difference and achieve that vision of being partners in the future.”
The following infographic provided by Anglo American summarizes their 2014 report. You can read the full report here.
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.