Vale VALE, one of the world’s leading mining companies, is embarking on a groundbreaking project in Sudbury, Ontario. The historic Stobie mine site, which operated underground for over a century, is now set to open a new open-pit mine under Vale’s base metals arm.
With an investment of $149 million over the next four years, Vale aims to produce 300,000 tons of nickel and copper this year, with a vision to ramp up production to 1.5 million tons by 2025. The new mine is also expected to yield valuable byproducts such as cobalt and precious metals.
“This project marks a new era of cooperation and partnership,” said Gord Gilpin, Vale Base Metals’ Director of Ontario Operations. He emphasized the importance of involving local contractors, including indigenous businesses and the United Steelworkers Union.
The project will create job opportunities for the community, with mining contractor Thiess and USW’s Local 6500 collaborating to oversee operations. USW Local 6500 President Nick Larochelle highlighted the creation of new roles, including operators and maintenance workers.
Overseeing the project will be Shaun Usmar, Vale’s new base metals boss with over 30 years of industry experience. Usmar’s appointment signals Vale’s commitment to maximizing the potential of its nickel and copper operations.
As Vale continues to streamline its operations by separating nickel and copper from its iron ore business, the opening of the new Stobie open-pit mine represents a significant milestone in the company’s strategic growth. The project not only promises economic benefits but also underscores Vale’s commitment to sustainable and inclusive growth in the region.
