Vale Base Metals Eyes 700,000-Ton Copper as IPO Plans Accelerate | Shaun Usmar
Vale Base Metals CEO Shaun Usmar says the company is reshaping its nickel and copper portfolio as it advances a consortium that will invest more than $200 million in the Thompson Nickel Complex in Manitoba while accelerating high-return copper growth in Brazil. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Usmar said the Thompson transaction brings in new capital and partners while Vale Base Metals retains a 19% stake and remains a key customer, positioning the asset for renewed focus after more than 60 years of operation.
The company is…
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