With five mines, a mill, a smelter, a refinery and nearly 4,000 employees it is also one of the largest integrated mining complexes in the world. Sudbury products include nickel, copper, cobalt, platinum group metals, gold and silver.
Vale puts Sudbury nickel mine back in production
23RD FEBRUARY 2022
BY: MARIAAN WEBB
CREAMER MEDIA DEPUTY EDITOR ONLINE
The Totten mine, in Sudbury, Canada, has resumed operations and is ramping up production, following a six-month shutdown.
In September last year, a scoop bucket became lodged in the main shaft, trapping 39 workers. At the time, all the underground workers were safely returned to surface using a second egress.
Although the stopping and restart of operations has not impacted on Vale’s nickel production guidance of 175 000 t to 190 000 t for 2022, it does come at a time when the price of nickel is soaring.
Nickel rose to $25 000/t on Tuesday for the first time since 2011, extending a rally driven by dwindling global inventories and concerns that Ukraine tensions could disrupt supplies from Russia.
According to newswire Bloomberg, nickel advanced to $25 095/t and is the top performer on the London Metal Exchange this year, climbing amid forecasts that supply will fall short of growing demand from the electrification of vehicles.  |
