Archive | Vale

Vale, Local 6500 ‘remain apart on important issues’ – by Jim Moodie (Sudbury Star – June 16, 2021)

https://www.thesudburystar.com/

Clawbacks to benefits and pensions are the main sticking points for Local 6500, union officials said Tuesday — a day after members resoundingly shot down a new offer from Vale.

“Times are good right now in Sudbury — in fact they’re very good,” said Myles Sullivan, assistant to USW District 6 director Marty Warren, during a press conference.

“Now is not a time to be forcing us out on strike, demanding concessions. So yeah, we’re disappointed and frustrated, but ready to roll up our sleeves and get back to the bargaining table. It takes two sides to do that and we’re ready.” Continue Reading →

Sudbury Local 6500 rejects latest offer from Vale – by Staff (Sudbury Star – June 15, 2021)

https://www.thesudburystar.com/

A new contract offer from Vale to its striking workers was rejected by a strong margin Monday. Eighty-four per cent of USW Local 6500 members participated in a vote Monday evening, with 87 per cent opposing the revised deal.

The union’s own bargaining team had called the offer “concessionary” and did not recommend it to members. In a release, Vale expressed disappointment that the union had taken this stance.

“The company was in active negotiations with Local 6500 when it was informed of this position,” the miner said. “Vale’s second offer addresses issues of concern that we heard from our employees, including wages, pensions and post-retiree benefits for new hires.” Continue Reading →

Voisey’s Bay underground expansion delivers first ore – by Staff (Canadian Mining Journal – June 14, 2021)

http://www.canadianminingjournal.com/

June 11 marked the milestone first production of ore from the underground expansion project at the Voisey’s Bay nickel-cobalt mine owned by Vale SA (NYSE: VALE). The mine is located on the north cost of Labrador, about 35 km south of Nain, Nfld.

Underground production is expected to extend the life of the mine until at least 2032. Two separate deposits – Reid Brook and Eastern Deeps – have been developed. At peak production, they will produce 40,000 tonnes of nickel in concentrate yearly, or a processing rate of 2.6 million t/y.

The expansion also increases economic participation by the local Innu and Nunatsiavut Inuit communities. Indigenous employment has more than doubled to about 500 people. Sixty-five per cent of all procurement contract were awarded to indigenous-owned businesses. Continue Reading →

After two collapses, a third Vale dam at ‘imminent risk of rupture’ – by Juliana Ennes (Mongabay.com – June 14, 2021)

https://news.mongabay.com/

A dam holding back mining waste from Brazilian miner Vale is at risk of collapsing, a government audit says.

The same company was responsible for two tailings dam collapses since 2015 that unleashed millions of gallons of toxic sludge and killed hundreds of people in Brazil’s southeastern state of Minas Gerais.

The retired Xingu dam at Vale’s Alegria iron ore mine in Mariana — the same municipality where a Vale tailings dam collapsed in November 2015 in what’s considered Brazil’s worst environmental disaster to date — is at “serious and imminent risk of rupture by liquefaction,” according to an audit report from the Minas Gerais state labor department (SRT), cited by government news agency Agência Brasil. Continue Reading →

Vale’s Otranto says it’s ‘disappointing’ bargaining committee recommends rejecting second offer – by Staff (Sudbury.com – June 14, 2021)

https://www.sudbury.com/

The head of Vale’s North Atlantic Operations said today he’s disappointed the Steelworkers Local 6500 bargaining committee is unanimously recommending striking members reject a second offer from the company.

The union’s bargaining committee announced today it is recommending to its 2,500 members that the new offer be rejected, as it includes “similar take-aways with minimal improvements” over the initial offer.

On June 1, Local 6500 overwhelmingly rejected an initial contract offer, with 70 per cent of members voting against the offer on a voter turnout of 87 per cent. Continue Reading →

Vale, Steel remain in talks as workers picket – by Jim Moodie (Sudbury Star – June 2, 2021)

https://www.thesudburystar.com/

Vale workers took to the picket lines Tuesday for the first time in a dozen years after rejecting a tentative deal reached by their union and the company.

“Our membership spoke and they are bringing the message back that concessions are not acceptable,” said Kevin Boyd, vice-president with USW 6500. “And very clearly, a lot of it is in benefits.”

Among the more unpopular changes outlined in the new five-year contract are the removal of retiree health benefits for any new hire and the elimination of over-the-counter drug coverage (except for life-sustaining medication). Continue Reading →

Vale workers in Sudbury reject contract offer and go on strike – by Erik White (CBC News Sudbury – June 1, 2021)

https://www.cbc.ca/news/canada/sudbury/

Picketlines are up at Vale’s mines, mill and smelter in Sudbury as the union representing 2,400 workers have voted down a tentative agreement with the mining giant.

United Steelworkers Local 6500 says in a statement on its website that 87 per cent of members cast ballots in a ratification vote Monday night and 70 per cent rejected the deal the union bargaining committee was recommending.

“Thank you for your overwhelming support to return us to the bargaining table,” reads the statement. “We are newly energized with this result and are looking forward to bringing your message to the company to let them know our work is not complete.” Continue Reading →

Clock ticking for Steel, Vale negotiators – by Jim Moodie (Sudbury Star – May 28, 2021)

https://www.thesudburystar.com/

The Steelworkers local representing Vale workers is hopeful a strong, multi-year deal can be obtained for its members as negotiations on a new contract continue this week.

“We’re looking for something to compensate us for the work we’ve done over the last year, which has created record profits in some areas,” said a union official who asked not to be named. “We’re expecting to be treated with the care and understanding they say they offer.”

The union agreed last spring to an unusual one-year contract, effective June 1, due to the economic uncertainties brought on by COVID-19. Continue Reading →

Steelworkers seek gains in new contract – by Staff (Sudbury Star – May 25, 2021)

https://www.thesudburystar.com/

This will be a critical week as negotiators for Steelworkers Local 6500 and Vale try to work out a new contract by May 31. That’s when the current labour contract expires.

USW Local 6500 represents more than 2,500 production and maintenance workers in mining, milling, smelting and refining at Vale’s Sudbury operations.

Vale, with almost 4,000 workers, is Sudbury’s largest employer. In Sudbury, it operates five mines, a mill, a smelter and a refinery from one of the largest integrated mining complexes in the world. Sudbury products include nickel, copper, cobalt, platinum group metals, gold and silver. Continue Reading →

” THE STORY OF NICKEL ” 1930s INCO MINING PROMO FILM FROOD MINE SUDBURY, ONTARIO, CANADA


This 1930s black & white educational/promotional film tells “The Story of Nickel”. It was produced by INCO, the International Nickel Company, Ltd., now known as Vale Canada, Limited. INCO as founded following the discovery of copper deposits in Sudbury, Ontario. During World War II, Inco’s Frood-Stobie Mine Mine produced 40% of the nickel used in artillery by the Allies.

For an extensive writeup about Sudbury’s nickel contributions during World War Two: https://republicofmining.com/2016/09/18/incos-sudbury-nickel-mines-were-critical-during-world-war-two-by-stan-sudol/#more-53421

and https://republicofmining.com/2020/07/24/sudbury-basin-nickel-deposits-an-enduring-and-extraordinary-resource-by-stan-sudol-july-24-2020/

Vale mulls base metals spinoff to tap EV market – by Cecilia Jamasmie (Mining.com – April 27, 2021)

https://www.mining.com/

Brazil’s Vale (NYSE: VALE), the world’s no.1 nickel producer, is evaluating a potential spinoff of its base metals division as part of the miner’s growing interest in the electric vehicles (EV) sector.

The company, which is said to be in talks with Tesla and other EV supply chain actors about securing nickel from its Canadian operations, is in the midst of expanding its Voisey’s Bay site in the province of Newfoundland and Labrador.

Vale’s plans include adding an underground mine to the Voisey’s Bay complex, which will produce about 40,000 tonnes of nickel-in-concentrate per year. Continue Reading →

Trafigura Bets on Green-Nickel Squeeze in Defiance of China Cure – by Yvonne Yue Li and Andy Hoffman (Bloomberg News – April 20, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — Just weeks after a novel production method upended the nickel market, two of the top names in the battery-supply chain made a play that suggests the world’s worries over sourcing cheap, clean supplies of the metal are far from over.

Commodity trader Trafigura Group and Elon Musk’s Tesla Inc. signed a deal in late March to enter the Goro mine in New Caledonia, part of a group that will take the operation off the hands of Vale SA. The transaction wasn’t a surprise, with Vale in talks to offload the under-performing mine for months. But the deal’s timing was telling.

Earlier the same month, China’s Tsingshan Group triggered the biggest two-day nickel rout in a decade with its plans to make battery-grade metal from materials previously reserved only for stainless steel, potentially flooding the market. Wall Street banks lowered their nickel forecasts after futures plunged from about $19,000 a ton to $16,000. Continue Reading →

Steinmetz loses latest battle against Vale over Simandou – by Cecilia Jamasmie (Mining.com – April 5, 2021)

https://www.mining.com/

Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-drawn-out dispute with Vale (NYSE: VALE) over lost rights to the Simandou iron ore project in Guinea, has lost his latest battle against the Brazilian miner.

The Rio de Janeiro-based miner said on Monday that local prosecutors had closed an investigation into CEO Eduardo Bartolomeo, and other executives and former directors over alleged illegal practices related to the deal to explore the deposit.

At two billion tonnes of iron ore with some of the highest grades in the industry, Simandou is one of the world’s biggest and richest reserves of the steelmaking material. Continue Reading →

MEDIA RELEASE: STEELWORKERS RATIFY NEW FOUR AND A HALF YEAR CONTRACT WITH VALE IN SUDBURY (March 31, 2021)

SUDBURY, March 31, 2021 – Vale and United Steelworkers (USW) Local 2020 are pleased to announce that an agreement has been reached on a new four and a half year Collective Bargaining Agreement between Vale, Ontario Operations and USW Local 2020. The new agreement takes effect on April 1, 2021.

“The negotiation process has been both productive and respectful, and we are encouraged that we have been able to reach an agreement that the bargaining committee fully endorsed” said Sherri Hawkes, President of USW Local 2020-05.

“We are pleased that the agreement appropriately meets the needs for both the company and union members” said Mitch Medina, Manager of Employee and Labour Relations for Vale’s North Atlantic Operations. “I feel this is exemplified in the endorsement of the agreement by the USW Local 2020 bargaining committee reflecting the positive collaboration throughout the negotiation process.” Continue Reading →

Trafigura, New Caledonia group complete takeover of Vale’s Goro nickel, cobalt unit – by Diana Kinch (S&P Global – March 31, 2021)

https://www.spglobal.com/

London — The Prony Resources New Caledonia consortium announced March 31 it has completed acquisition of Vale Canada’s Nouvelle-Calédonie S.A.S. (VNC) nickel and cobalt operation. Prony Resources is owned by New Caledonia entities together with international commodities trader Trafigura.

Operations at Prony Resources recommenced in the week of March 28 with the restart of nickel production expected mid-April, the company said in a statement.

The operation, designed to produce up to 57,000 mt/year of processed nickel, with cobalt as a byproduct, is believed to have been at a standstill since mid-December 2020, following protests by independence activists on the Southwest Pacific French island territory of New Caledonia. Prior to this it had been producing below capacity. Continue Reading →