Brazilian miner Vale said its subsidiary Vale Base Metals has initiated a strategic review to explore and evaluate a number of alternatives, including the potential sale, of its mining and exploration assets in Thompson, Manitoba.
The Thompson review is part of a process to optimize Vale Base Metals’ asset base, with a view to ensuring the competitiveness of its integrated nickel portfolio, and is expected to be completed in the second half of 2025.
The Thompson Nickel Belt is a proven nickel deposit with significant resource potential and its operations have been producing nickel since 1956. The assets include two operating underground mines, an adjacent mill and significant exploration opportunities in the 135-kilometer-long belt. Thompson produced 10,500 metric tons of Vale Base Metals’ final nickel production in the 12-month period ending in the third quarter of 2024.
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