May 17, 2020

Mining Association of Canada in support of Trans-Pacific Partnership

The Mining Association of Canada
Mac
CPTPP
Trans-Pacific Partnership
Jonathan Dyble
2 min
Trans-Pacific Partnership
The Mining Association of Canada (MAC) has given its full support to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP...

The Mining Association of Canada (MAC) has given its full support to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with Canada having agreed to sign the partnership alongside 10 other member nations on 8 March.

Canada’s mineral and metal exports to Trans-Pacific Partnership (TPP) countries has increased in recent years, with Japan being Canada’s fourth largest export market.

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With this in mind, those within the Canadian mining industry stand to benefit greatly from the CPTPP, with a number of these countries currently applying significant tariffs to mineral and metal imports:

  • Japan, 7.9%
  • Vietnam, 40%
  • Malaysia, 50%
  • Australia, 5%
  • New Zealand, 10%
  • Brunei, 20%

“Canada is a trading nation, our economy fundamentally buttressed by access to global markets,” said stated Pierre Gratton, President and CEO, the Mining Association of Canada. “We strongly support Canada's participation in the CPTPP, and we are hopeful that the deal is signed in the near future. This massive trading block is not only important to our sector, which requires access to new and emerging markets, but for the Canadian economy writ large.”

The agreement will also seek to address challenges posed to the movement of labour, products and services across borders, enabling the Canadian mining industry to remain competitive globally.

“The rest of the world continues to look to Canada as a leader when it comes to mining,” Gratton said. “Part of maintaining that global leadership is ensuring that Canada's mining and supply sectors have access to modern and comprehensive trade and investment vehicles to meet the world where it does business.”

The TPP represents over 494mn people and over $10tn of GDP – equating to 13% of global GDP.

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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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