‘No recent discussions’ on Sudbury mining merger, says Vale operations boss – by Ian Ross (Northern Ontario Business – January 15, 2024)


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