July 29, 2014 11:45 PM ET

Metals and Mining

Company Overview of Vale Canada Limited

Company Overview

Vale Canada Limited operates as a mining company. It produces iron ore for use in various products ranging from cell phones to airplanes, and building structures to coins; and offers nickel, iron ore and pellets, coal, fertilizers, copper, and manganese and ferroalloys. The company also provides mineral exploration and project development services; transports cargo for third parties; offers passenger train lines in Brazil; and operates hydroelectric plants and centers in Brazil, Canada, and Indonesia. In addition, it engages in steelmaking business through various partnerships. Vale Canada Limited was formerly known as Vale Inco Limited and changed its name to Vale Canada Limited in August 2...

200 Bay Street

Royal Bank Plaza

Suite 1600

South Tower

Toronto, ON M5J 2K2

Canada

Founded in 1901

11,707 Employees

Phone:

416-361-7511

Fax:

416-361-7781

Key Executives for Vale Canada Limited

Chief Executive Officer and Executive Director of Base Metals - Vale SA
Age: 54
President and Executive Director of Non-Ferrous Minerals
Age: 52
Chairman and Chief Executive Officer of CVRD
Age: 55
President Director of PT International Nickel Indonesia Tbk
Chief Executive Officer of Goro Nickel S A
Compensation as of Fiscal Year 2014.

Vale Canada Limited Key Developments

KGHM International Enters into Agreement with Vale Canada Limited for the Development of the Victoria Project

KGHM International Ltd. announced that an agreement between the company and Vale Canada Limited has been reached regarding the development of the Victoria project as well as the ore off-take to Vale's processing facilities in Sudbury, Canada. The Victoria project, located in Sudbury, Ontario, Canada, is a great discovery and world-class project in the Sudbury Basin. The deposit containing ore rich in copper, nickel and precious metals will be extracted as an underground mine. Under the new arrangement with Vale, KGHM International will build and operate Victoria as the sole owner of the project and Vale will receive a royalty and off-take on all future production from the project. KGHM International and Vale also re-negotiated the off-take arrangement for all of KGHM International's production from its mines in the Sudbury Basin in Ontario, Canada. Vale will purchase polymetallic ore from KGHM International and process it at Vale's Clarabelle mill in Sudbury. The contract is valid for the full life of all KGHM International's Sudbury mines, including future production from Victoria. The company will continue to progress towards approval and granting of the required permits, arrangements with First Nations, and prepare for infrastructure construction and shaft development in the second half of the year.

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