https://www.cbc.ca/news/canada/manitoba/
Vale says it has launched ‘strategic review’ of northern Manitoba operation, including potential sale
Ken Michaluk has lived in Thompson for decades. He worked at the mining operation in the northern Manitoba city, seeing it exchange hands several times, and undergo expansions and cuts. Now retired, he said things can’t get much worse for the operation, as Vale SA, a Brazilian company and the nickel operation’s owner, is considering a potential sale.
“Business is business,” said Michaluk. “They’ve laid off … pretty much all they can lay off. I don’t think that’s an issue. I don’t think they’re going to just shut it down. And it wouldn’t make much sense in that, that’s for sure.”
A Jan. 23 news release said the company “has launched a strategic review to explore and evaluate a range of alternatives, including the potential sale, for its mining and exploration assets in Thompson.” Vale Base Metals owns two mines and a mill in Thompson, a city of roughly 13,000 that’s 650 kilometres north of Winnipeg, along with what it describes as “significant exploration opportunities” in the region.
For the rest of this article: https://www.cbc.ca/news/canada/manitoba/thompson-vale-mine-sale-1.7447594