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Our Commitment to Canada is Clear – Tito Martins, President and CEO, Vale Inco Limited (March 18, 2010)

www.valeinconegotiations.com

Labour disputes, like the ones affecting two-thirds of our Canadian operations, generate a lot of questions from a lot of different perspectives. We have a question of our own – does anyone really believe that Canada and Canadians are so intolerant that race and heritage are suitable excuses for ridicule and recrimination?

This is the Canada the USW leadership would have you believe we live in, as it sets about looking for anyone and anything to blame for strikes that have kept our employees off the job for more than eight months in Ontario and more than seven months in Newfoundland and Labrador.

It’s a regrettable tactic. It’s also a deflection that conveniently allows them to ignore the real issues at dispute.

We have shared our objectives with the USW leadership from the very beginning – to build a long-term, sustainable future for our Canadian operations. It seems straightforward – even worthy of support. In the rush to further their own objectives, however, the USW describes it as “an assault on Canada” – questioning our commitment, our values and our “Third World” ethnicity every step of the way.

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No Plan, No Succession, No Future for Local Ownership in Sudbury- by Michael Atkins

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Michael Atkin’s column. www.northernlife.ca

Last month, I wrote about the hollowing out of Northern Ontario and the continuing deterioration of authority, influence and relevance in key sectors.

The topic of the day was the destruction of CBC Radio as a connecting force in the North and the ignorance of the people who made the decision to save such piddling amounts of money in the shadow of such benefit.

This month another storyline.

Vale Inco is restructuring. They are taking people in the finance, human resources and procurement departments and moving the strategic thinking and execution out of Sudbury and down to São Paulo and Toronto. In simple terms, it means that local procurement (say rock bolts) will remain in Sudbury but worldwide purchasing (say tires and information technology) will be done elsewhere. It means that the analysis of the business will move from Sudbury to São Paulo.

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The Positive Economic Impact of the Vale Inco’s Voisey’s Bay Nickel Project on Aboriginal Communities and Newfoundland – Raymond Goldie

Raymond Goldie is a senior mining analyst with Salman Partners Incorporated and is the author of “Inco Comes to Labrador” (Flanker Press, 2005). This article was written in December, 2008.

Since the late twentieth century, there have been remarkable changes in the world’s mining industry’s attitudes with respect to community relations.  The mining industry has come to recognize that it is of critical importance to engage the local community in mining development, and it has acted accordingly.  The development of the Voisey’s Bay mine in northern Labrador by Inco Ltd. and its successor, Vale Inco, has epitomized these changes in attitudes and actions.

In 2002, Voisey’s Bay Nickel Company (“VBNC”, now Vale Inco Newfoundland and Labrador ), then a subsidiary of Inco (and now of Vale Inco), made deals with the government of Newfoundland and Labrador and with First Nations groups in the vicinity of the Voisey’s Bay mineral deposit.  These deals allowed Vale Inco to develop a mine and concentrator at Voisey’s Bay.  This operation produces concentrates (which are feedstock for smelters and refineries) of nickel and copper.  The deals also obliged Vale Inco to provide training, employment and business opportunities for members of local communities (including the engagement of local Labradoreans in caring for and monitoring Voisey’s Bay’s natural environment) , and to improve the provision of health care and other social services to those communities.

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Better Returns Expected From Revised Goro Nickel Laterite Project in New Caledonia – by Marilyn Scales

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.This article was originally published – April/2006

New Caledonia, a French island territory 1,600 km off the northeast coast of Australia, is home to an estimated 25% of the world’s known nickel reserves. With rich laterite and saprolite deposits, it is no wonder this island nation is the scene of increased mining activity. A subsidiary of Paris-based Eramet currently owns five mines and a smelter scattered across the island. The other producer is Société Minière du Sud Pacifique S.A. It, too, has several mines supplying an Australian smelter.

The Goro Nickel Deposit, tucked away on the southern tip of New Caledonia, is one of the world’s largest undeveloped laterite deposits. But not for long. Construction of the mine, mineral processing plant, and extensive infrastructure is moving ahead quickly toward a start-up date of late 2007.

As of the end of February 2006, engineering is over 70% done, with about 1,600 workers on the site. Earthworks for the process plant were completed in March 2006, and will continue at the residue storage facility and on road realignment. The test mine extends to the saprolite horizon and exposed bedrock. The first of almost 2,000 skilled Filipino workers will soon arrive to start on construction.

The first berth of the port will be completed in time to receive the first module of the processing plant in May. The next milestone will be completion of the first half of the coal-fired power plant in September. The second berth of the port and the raw water pipeline will be finished in time for that event.

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Vale Inco Adds to Sudbury Jobless Woes – by Marilyn Scales

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.

March 3, 2009, is another black day in the employment history of the mining industry in Sudbury, ON. That was the day Vale Inco announced it was cutting 261 local jobs as part of its worldwide restructuring that will result in 900 terminations. At its Thompson, MB, operations, the company let 24 non-union supervisors go.

“Unfortunately the tough decisions announced today are necessary in these exceptional times” said Tito Martins, Vale Inco CEO and president, said in a news release. “The declining nickel price and reduced demand for nickel make it clear that continuing to operate in our current fashion is simply not sustainable. The measures we’re announcing today are intended to address the immediate health of the business and help reshape the organization for a long-term, successful and sustainable future.”

The announcement comes three weeks after the second largest miner in the area, Xstrata Nickel, announced the layoff of 686 workers. The combined cutbacks are a huge blow to the Sudbury community.

To its credit, Vale Inco released background information about its employment practices in Sudbury and Thompson, MB, since it took over operations in October 2006. The figures are an attempt to put the cuts in perspective in several areas.

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Sudbury on Edge After Vale Job Cuts – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Mining giant slashes 900 jobs globally, 261 locally

Greater Sudbury is having to face the realities of the global economic maelstrom full force, say Vale Inco officials, unionists, city councillors and members of the community.

First it was Xstrata laying off 682 employees. This week Vale Inco announced 261 non-production job cuts. The Vale Inco workforce reductions are mostly focused on corporate, management and business support operations, according to a Vale Inco press release. The company employs 14,000 people worldwide.

“We are cutting jobs across the board, but none in our production operations in Greater Sudbury,” said Cory McPhee, manager of corporate communications for Vale Inco.

Sixty-five members of Steelworkers 2020 office and technical workers are affected by the cuts, said McPhee. Local 6500 members are not impacted by the announcement, he said.

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261 Vale Inco Sudbury Jobs Cut Locally, 900 Worldwide – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Two hundred sixty one of the 900 job cuts announced at Vale Inco Mar. 3 are in Sudbury. The rest are at the company’s operations worldwide.

The workforce reductions are mostly focused on corporate, management and business support operations, according to a Vale Inco press release. Vale Inco employs 14,000 people worldwide.

“We are cutting jobs across the board, but none in our production operations in Greater Sudbury,” said Cory McPhee, manager of corporate communications for Vale Inco.

Sixty-five members of Steelworkers 2020 office and technical workers are affected by the cuts, said McPhee. Local 6500 members are not impacted by the announcement, he said.

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Vale’s PT Inco in Indonesia is a Leader in Land Reclamation

PT Inco’s 2.5 hectare nursery is the largest facility of its kind in IndonesiaThe following excerpt on green mining practices is from the 2007 Vale Inco sustainability report. The full report is available at: Vale Inco – Sustainability Report 2007.

In 2007, Indonesia’s Ministry of Energy and Mineral Resources honoured PT Inco with a Gold Award (Aditama Award) for its success in post-mining land reclamation. The company also received the Aditama Award from the Department of Energy and Mineral Resources as the best performer, among 40 mining companies evaluated, for its commitment to and success in post-mining land reclamation.

“We are very proud to have received this recognition,” says Dwayne Kroll, Manager of Mine Technology at PT Inco. “We are passionate about environmental responsibility at PTI. Particularly, we are committed to doing all that we can to rehabilitate the land that we have mined.”

PT Inco’s 2.5 hectare nursery – the largest in Indonesia’s mining industry – is living proof of that commitment. Located in the town of Sorowako, it has the capacity to grow one million seedling trees annually. In 2007, the nursery enabled the company to revegetate 150 hectares of post-mining land and restore 37 types of vegetation to 100 hectares of rehabilitated post-mining land. “Our revegetation program involves a two-step process,” explains Kroll. “After we re-contour the mined land and restore topsoil, we plant grasses, legumes and canopy trees to foster a microclimate suitable for native species restoration. The introduction of indigenous plants takes place after approximately two years.”

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Vale Announces that Tito Martins will be the new President and CEO for Vale Inco Limited

Vale recently announced the appointment of Tito Martins as President and Chief Executive Officer of its wholly-owned subsidiary Vale Inco Ltd., replacing Murilo Ferreira. He will be starting in January 2009. Tito Martins will retain the position of Executive Director of non-ferrous minerals of Vale. In his roles, he will be in charge of the …

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CVRD Opens its Doors to Local Communities in Brazil

Luana Andreza Ferreira took part in the CVRD Community Visits Program in Minas GeraisThe following article was first published in Engagement, Vale’s magazine for socially responsible and sustainable mining.

Guided tours help bring together CVRD and local town residents

Ever since she can remember, Luana has looked out over the same intriguing landscape from her window. Every day the 19-year-old from Minas Gerais asked herself how it would feel to be there, inside the mine she sees day after day on the far horizon. Then, last November, she was finally able to satisfy her curiosity by taking part in the CVRD Community Visits Program.

The program started in 2003 with the aim of bringing CVRD and local communities near its facilities closer together, and covers the states of Minas Gerais, Espírito Santo, Pará and Maranhão. Bernadete Almeida, Communities Communication coordinator at CVRD, explained, “Surveys showed that we were perceived as being ‘distant’ by some groups. There was also concern as to the environmental impact of our activities. We realized that people were interested in learning more about what we do and that many would like to see a mine with their own eyes. That’s why we created the Visits Program, to open the Company’s doors to receive anybody living in the cities and regions where CVRD is present.”

The story of Luana Andreza Ferreira is a case in point. She lives in Gabiroba de Cima, a neighborhood of Itabira (Minas Gerais) and has grown up surrounded by CVRD. Of her nine uncles, eight work in companies that provide services to CVRD, as does her brother. Nevertheless, she never really knew much about the company. “I thought they only mined the ore. Now I know that they also replant the landscapes, re-cultivating the natural ground cover and forest in the places where the Company operates,” she explained.
The visits to the mines are always a good opportunity to make the public aware of how important a role iron ore plays in modern life.

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Vale Inco President and Chief Executive Officer – Murilo Ferreira on Sustainability in 2007

Murilo Ferreira - Vale Inco President and Chief Executive OfficerThe following excerpt by Vale Inco President and Chief Executive Officer Murilo Ferreira is from the 2007 Vale Inco sustainability report. The full report is available at: Vale Inco – Sustainability Report 2007.

Murilo Ferreira

The year 2007 was an historic one for our company – a period in which we worked diligently to integrate the people, cultures and policies of Vale and Inco.

The process was not without its challenges. Yet it is my firm belief that as we have gotten to know one another – as we have shared our stories, our ideas and our dreams – we have proven that together, we truly are better.

As we work to grow our company, sustainability remains a key priority for us at Vale Inco. Our 2007 Sustainability Report – prepared with reference to the Global Reporting Initiative (GRI G3) – captures the achievements we are making on our journey as well as our ongoing challenges.

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Rumours About Possible Mining Shutdown Circulating in Sudbury – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Rumours have been circulating in the city about the possible shutdown of major mining operations in the city.

At the present time, Northern Life has been unable to substantiate any shutdown by Vale Inco or Xstrata.

One rumour has it that Vale Inco will make an announcement next week about a four month shutdown starting March 1, 2009. The action would be for infrastructure improvements and repairs to key parts of the operation.

Angie Robson, manager of external relations for Vale Inco, said Friday the rumour has no basis in fact and is idle speculation.

“Our company has a policy that we do not comment on rumour or speculation,” said Robson.

John Fera, Local 6500 Steelworkers president, disputes the rumours, saying his sources told him Thursday night no shutdown was forthcoming at Vale Inco. He confirmed that for Northern Life Friday morning, after calling his source.
 

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Year In Review – Sudbury’s Economy: Boom to Bust? – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Greater Sudbury’s economy went from boom town status in 2008 to layoffs and growing fear in the community. Mining executives like Xstrata’s Mike Romaniuk, and Vale Inco’s Fred Stanford had been bullish on the future. “The world simply can’t get enough nickel,” said Stanford Feb. 6th at a Chamber of Commerce luncheon.

But by the early fall, a stock market crash started a series of layoffs in local mining companies and service and supply companies. Retired miner, Laurie Chartrand, 63, from Chelmsford, said he was down $25,000 from the stock market crash and knew some who had lost $200,000. He had a novel idea.

“We need the government to start a voucher system for those who have lost money like myself so we would have the ability to buy the cars that use our metals,” said Chartrand.

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Sudbury’s Copper Cliff South Mine Suspending Production – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca

Greater Sudbury’s economy will now be further affected by the growing world economic crisis.

In early November, Xstrata Nickel announced it will cease operations at Craig and Thayer-Lindsay nickel mines, affecting 250 employees. Early retirement options are being pursued by the company and union.

Now the city’s largest employer, Vale Inco, with over 5,000 employees, is stopping production at one mine and mothballing a development project due to slumping prices and demand, said Vale Inco spokespersons Thursday.

Vale Inco announced production cutbacks at its Greater Sudbury operations Thursday morning.

However, for now, the shutdown of the Copper Cliff South Mine and the one year postponement of the Copper Cliff Deep project will not involve layoffs of any Vale Inco employees, said Cory McPhee, director, Vale Inco communications and public affairs.

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Vale Inco’s New Invoicing System Causing Some Layoffs in Sudbury Supply Sector – by Bill Bradley

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Bill Bradley’s article. www.northernlife.ca (This artilce was originally published on November 12, 2008)

Some Greater Sudbury businesses are having trouble getting paid by Vale Inco.

It is not because Vale Inco is broke, but because of a new invoicing system that is being implemented by the company, said small businesses in Lively and Vale Inco itself.

Harry Sheppard, owner of Home Hardware in Lively, said Tuesday morning that some smaller business customers cannot pay him for what they have purchased because they in turn have not been paid by Vale Inco.

“I do not have much business with Vale Inco myself. However, it is affecting a dozen businesses in the Walden area that deal with my store. They say they will pay me when Vale Inco pays them,” said Sheppard.

“These business customers of mine are good customers so the fault does not lie with them.”

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