Established in 1980, Northern Ontario Business provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North.
Two-for-one mining
Vale is proposing a new nickel-copper-PGM mine in Sudbury that has the potential for a 10-year life with an estimated production of 5,000 tonnes per day, and a projected workforce of 500.
The Victor-Capre project, located 25 km northeast of Sudbury near the community of Skead, is comprised of two properties, Victor and Capre, which the company is looking to combine into one operation. The project, which is situated 2.5 km from Xstrata’s Nickel Rim South Mine, is currently in the pre-feasibility stage to determine the viability of an advanced exploration program. If the study results are favourable, advanced exploration development could begin as early as mid-2013.
“We have been doing exploration out here for quite a while, but now with copper prices the way they are and the outlook for copper quite positive, it makes the project more attractive,” said Angie Robson, manager of corporate affairs for Vale’s Ontario operations. “Vale as a whole wants to increase its copper output and so this is an important project for that.”