Metals and Mining
Company Overview of Vale Canada Limited
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
Toronto, ON M5J 2K2
Founded in 1901
Key Executives for Vale Canada Limited
Chief Executive Officer and Executive Director of Base Metals - Vale SA
President and Executive Director of Non-Ferrous Minerals
Director of Finance & Business Planning and Comptroller
Chairman and Chief Executive Officer of CVRD
President Director of PT International Nickel Indonesia Tbk
Compensation as of Fiscal Year 2013.
Vale Canada Limited Key Developments
KGHM International Enters into Agreement with Vale Canada Limited for the Development of the Victoria Project
Aug 2 13
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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