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Sudbury Copper Joint Venture

Sector: Metal • Location: Sudbury, Ontario, Canada

Source: The Globe and Mail

Project
Planned

Vale Base Metals Ltd. and Glencore PLC are evaluating a joint venture in Sudbury, Ontario, to develop a copper mining project using the shaft and infrastructure at Glencore's Nickel Rim South Mine. The project involves deepening the shaft and developing new drifts to access nearby ore deposits, with potential production of other critical minerals such as nickel, cobalt, gold, and platinum group me

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The project “Sudbury Copper Joint Venture” is an infrastructure initiative in the Metal sector, located in Sudbury, Ontario, Canada. Taiyo aggregates data on it from The Globe and Mail.

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Description

Description

Vale Base Metals Ltd. and Glencore PLC are evaluating a joint venture in Sudbury, Ontario, to develop a copper mining project using the shaft and infrastructure at Glencore's Nickel Rim South Mine. The project involves deepening the shaft and developing new drifts to access nearby ore deposits, with potential production of other critical minerals such as nickel, cobalt, gold, and platinum group metals. The companies plan to produce 880,000 tonnes of copper over 21 years with an estimated capital cost between US$1.6 billion and US$2 billion.

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