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They are Glencore’s Onaping Depth project, Vale’s Copper Cliff Deep project and KGHM’s Victoria Mine project
The federal government has launched a $1.5-billion fund for critical minerals infrastructure, while simultaneously highlighting close to 500 projects nationwide that are generating jobs and growing a greener economy. The funding announcement this week coincided with the release of an annual report on major projects underway across the country in the fields of energy, forestry and mining.
Three of the big mining projects are in Sudbury: Glencore’s Onaping Depth project, with an estimated capital cost of $1 billion to $2.5 billion; the Copper Cliff Deep project being pursued by Vale, pegged at $750 million to $1B; and a revived Victoria Mine project being undertaken in the Whitefish area by Polish company KGHM, at a projected cost of $1B to $2.5B.
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