By Connor Hart
Vale is considering a sale of its mining and exploration assets in north-central Manitoba.
The Brazilian mining company said Thursday that one of its subsidiaries, Toronto-based Vale Base Metals, has launched a strategic review for its assets in Thompson, Manitoba.
The assets include two operating underground mines, an adjacent mill and what the company called significant exploration opportunities on the Thompson Nickel Belt, according to a filing with the Securities and Exchange Commission.
The review, expected to conclude during the latter half of the year, will optimize the company's asset base, ensuring the competitiveness of its vertically integrated nickel portfolio, the filing said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 23, 2025 16:47 ET (21:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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