Vale informs on strategic review of Thompson operations

Vale’s subsidiary, Vale Base Metals, has launched a strategic re-view to explore and evaluate a range of alternatives, including the potential sale, for its mining and exploration assets in Thompson, Manitoba.

The Thompson review is part of a process to optimise Vale Base Metals’ asset base, ensuring the competitiveness of its vertically integrated nickel portfolio, and is expected to conclude in 2H25.

The Thompson Nickel Belt is a proven nickel deposit with significant resource upside, and the operations have been producing nickel since 1956. The assets include two operating underground mines, an adjacent mill, and significant exploration opportunities on the 135 km long Thompson Nickel Belt. Thompson produced 10 500 t of Vale Base Metals’ finished nickel production for the 12-month period ending 3Q24.

Read the article online at: https://www.globalminingreview.com/mining/27012025/vale-informs-on-strategic-review-of-thompson-operations/