https://www.northernontariobusiness.com/
Gord Gilpin says companies discussing ‘strategic alternatives’ are part of ‘normal course of business’
Vale’s head of Ontario base metal operations, Gord Gilpin, is tamping down media speculation of a potential merger with Glencore, its crosstown mining neighbour in Sudbury.
Gilpin issued a Jan. 12 notice to its employees — Clarification of Synergy with Glencore — that it’s business as usual and no talks are underway.
“Various media outlets,” Gilpin wrote, “have published stories that have created speculation about a possible merger between the Glencore and Vale Base Metals Sudbury Operations. “To be clear, there have been no recent discussions about a merger between our Sudbury Operations.”
Gilpin was responding to comments made by Vale Base Metals’ chair Mark Cutifani in an interview with Reuters last week, and a follow-up analysis by mining columnist Stan Sudol that a possible business combination with Glencore in the Sudbury basin was one of Cutifani’s priorities for 2024.
For the rest of this article: https://www.northernontariobusiness.com/industry-news/mining/no-recent-discussions-on-sudbury-mining-merger-says-vale-operations-boss-8110675