Mar 11, 2021

Mining Indaba: Investment Battlefield

Mining Indaba
Africa
Investment Battlefield
Antler Gold
Daniel Brightmore
1 min
Mining Indaba, Investment Battlefield
Secure your seat in the virtual audience today and decide who will be crowned Investment Battlefield champion for 2021...

Mining Indaba presents a platform famed for pitching Africa’s hottest junior mining companies against each other. It has returned in 2021, with a twist. Hosted as part of the Virtual Investment Programme, the latest edition of the Investment Battlefield has been taking place online in the lead up to and during the main event programme. 

Yesterday, Antler Gold became the First Stage: Precious Metals Exploration winner, going on to the semi-finals of the Investment Battlefield and one step closer to the champion title.

The next session takes place today at 14.00 (GMT). Secure your seat in the audience for the First Stage: Precious Metals Development.

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Who will be crowned champion?

For the first time ever, it’s not just the expert panel of investor judges who will choose the finalists. The audience get to vote on who they think should go on to be crowned 2021 champion. Get involved now!   

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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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