The July issue of Mining Global is live!
How do you implement massive change with positive disruption? “The only area we have yet to dominate is culture…” This summer we hear from Friska Wirya, Head of Change at Newcrest Mining, about how the Australian mining major is embracing innovation and managing the people-side of change to meet its future goals.
During the PDAC convention, we spoke with Chilean Minister of Mining Baldo Prokurica who unveiled an investment initiative around 25 new mining projects. Mining Global learns how a pro-investment government is providing a unique opportunity to harness the potential of Chile’s world class copper and lithium endowment.
Elsewhere in this issue, following Guinea’s Symposium of Mines at Conakry in April, we spoke with industry insiders, and heard from the bauxite rich nation’s Minister of Mines & Geology Abdoulaye Magassouba, about the challenges ahead for the African republic to fulfil the potential of its mineral endowment through improving infrastructure and attracting investment.
“The UK (and Ireland) have a rich mining heritage, peaking during bygone days when vast deposits of coal and iron ore drove the industrial revolution and built an empire…” Could those halcyon days of self-sufficiency return? Marco Maestri, European Mining Leader at Golder, analyses the current state of the UK mining industry and asks: ‘What does the future hold?’
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.