Latest news with #ValeBaseMetals
CTV News
2 days ago
- Business
- CTV News
Mark Cutifani steps down as chair of board at Vale Base Metals
Mark Cutifani is stepping down as chair of the board of directors of Vale Base Metals, the company has announced. Vale Ltd. has announced that Mark Cutifani will step down as chair of the board of directors of Vale Base Metals to focus on new professional projects. 'As the inaugural chairman of VBM, Mark played a pivotal role in manifesting the carve out of VBM from Vale S.A.,' the company said in a news release last month. 'His vision, strategic acumen and vast industry knowledge and experience helped set the stage for VBM's early momentum post-carve out, while laying the foundation for future growth and long-term value generation.' Vale Base Metals was created as a separate entity to focus on the company's efforts to produce critical minerals. It is based in Canada and has its headquarters in Toronto. Was VBM's first chair Cutifani was the chief operating officer of Vale's nickel operations when Vale took over the company from Inco Ltd. He was appointed as Vale Base Metals' first chair of the board of directors in 2023. 'His contributions were instrumental in setting a strategic roadmap for VBM, optimizing the company's portfolio, building the VBM executive leadership team, and completing the company's strategic partnership with Manara Minerals in July 2023,' Vale said in the news release. Replacing him is Vale CEO Gustavo Pimenta. Pimenta's appointment 'ensures strong leadership continuity and alignment with Vale S.A.'s broader strategic objectives in the energy transition metals business,' the company said. 'I'd like to acknowledge Gustavo and Vale for the trust in navigating this transformation, and particularly acknowledge (VBM CEO Shaun Usmar) and the Base Metals team for the great work done and the exciting future they are creating,' Cutifani said in the release. 'I look forward to maintaining a strong relationship with the team as technical work continues from the asset review.' 'I want to thank and celebrate Mark for his leadership, support and mentorship,' Usmar said. 'He was instrumental in my decision to join the company and his principle-driven approach, deep industry knowledge, vast networks and broad experience in everything from operations to projects to sustainability to innovation have been invaluable in shaping the transformation we've embarked upon at VBM.' The transition will take place this month, with the company announcing its 2025 sales report July 22.
Cision Canada
26-06-2025
- Business
- Cision Canada
Mining Sector Unites to Support Manitoba Wildfire Relief with C$1.25 Million Donation to the Canadian Red Cross
TORONTO, June 26, 2025 /CNW/ - In response to the devastating wildfires impacting communities across northern Manitoba, three leading mining companies that operate in the region— Vale Base Metals, Hudbay Minerals Inc. and Alamos Gold Inc. —have collectively donated C$1.25 million to the Canadian Red Cross to support emergency relief and rebuilding efforts. This contribution will help the residents and Indigenous communities in which the three companies operate and that have been affected by the wildfires. The funds will be allocated to a wide range of critical support services and recovery relief efforts, that may include: Evacuation assistance, including shelter, food and transportation for displaced individuals and families Support for individuals and families as they return to their communities and begin the recovery and rebuilding process Financial support for personal and household items Mental health and wellness support including referrals to other services in the community Support for local businesses Community resilience projects to strengthen long-term recovery and preparedness Critical investments in disaster risk reduction programing that help build community resilience to better absorb and recover faster when disasters strike "The wildfires in Manitoba have been severe and the Canadian Red Cross has been working around the clock to provide support to people impacted," said Conrad Sauvé, President and CEO at the Canadian Red Cross. "We are grateful to Vale Base Metals, Hudbay, and Alamos for their generous donation which will make a big difference for the communities facing devastating fires this season." "This donation to the Canadian Red Cross reflects our deep commitment to the people and communities of northern Manitoba," said a joint statement from Vale Base Metals, Hudbay, and Alamos. "We stand in solidarity with those affected, many of whom work with us, and we will continue to be here at this time of need to support long-term recovery efforts." The Canadian Red Cross continues to work closely with Indigenous leadership, municipal, provincial and federal governments and emergency response teams to provide support upon request, in an effort to assist those who need it most. For more information on the Canadian Red Cross or to make a personal donation, please visit Individuals and families who have been impacted by the wildfires are encouraged to register with the Canadian Red Cross. More information is available here. About Alamos Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Island Gold District and the Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol "AGI". About Hudbay Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The value Hudbay creates and the impact it has is embodied in its purpose statement: "We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities." Hudbay's mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations. About Vale Base Metals Vale Base Metals, the business line for Vale's energy transition metals business, is one of the world's largest producers of high-quality nickel and an important producer of copper and responsibly sourced cobalt. With a corporate presence in Toronto, Canada, and operations in Newfoundland & Labrador, Ontario, Manitoba, Indonesia, Brazil, the U.K. and Japan, the business delivers critical building blocks for a cleaner, greener future.
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Ero Copper to Release Second Quarter 2025 Operating and Financial Results on July 31, 2025
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the 'Company') will publish its second quarter 2025 operating and financial results on Thursday, July 31, 2025, after market close. The Company will host a conference call to discuss the results on Friday, August 1, 2025 at 11:30am Eastern time (8:30am Pacific time). A results presentation will be available for download via the webcast link and in the Presentations section of the Company's website on the day of the conference call. CONFERENCE CALL DETAILS ABOUT ERO COPPER CORP Ero Copper is a high-margin, high-growth copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the Company's Caraíba Operations, which are located in the Curaçá Valley, Bahia State, Brazil, and the Tucumã Operation, an open pit copper mine located in Pará State, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. In July 2024, the Company signed a definitive earn-in agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajás Mineral Province in Pará State, Brazil. For more information on the earn-in agreement, please see the Company's press releases dated October 30, 2023 and July 22, 2024. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations, Tucumã Operation and the Furnas Copper-Gold Project, can be found on the Company's website ( on SEDAR+ ( and on EDGAR ( The Company's shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol 'ERO'.
CTV News
18-06-2025
- Business
- CTV News
Looking back on the legacy of Sudbury's Superstack
More details about plans to dismantle the Superstack in and a look back at the impact the structure had on Greater Sudbury. Sudbury's landscape will be changed forever in the next five years as the Superstack and smaller Copperstack are dismantled by Vale Base Metals. Ahead that, some people are remembering what has been and looking forward to what could be. Superstack coming down The second-tallest freestanding structure of any kind in Canada, the Superstack was decommissioned in 2020 after advances in technology made it no longer necessary. (Photo from video) The second-tallest freestanding structure of any kind in Canada, the Superstack was decommissioned in 2020 after advances in technology made it no longer necessary. Officials detail the dismantling process in a YouTube video. 'Basically, you're going to see a structure going up,' Vale's Gord Gilpin told CTV. 'And slowly but surely the structure will come down. From a schedule point of view … we're scheduled to have the Copperstack -- which is the shorter one -- down by the end of 2025. And we're finalizing plans for the Superstack. It'll be more of a five-year project.' Built by Vale's predecessor Inco to disperse sulphur gas out of the city, Liisa Kovala 's father worked to build the giant structure. 'He worked on stacks across the country and into the United States,' Kovala said. Liisa Kovala Built by Vale's predecessor Inco to disperse sulphur gas out of the city, Liisa Kovala 's father worked to build the giant structure. (Photo from video) 'I want to say upwards of 24 or 25 stacks. He also went across the country pulling them down when they were needed … to be demolished. And this was his very last stack. So, I mean, I thought, that's amazing. But if you're going to go out, go out on the biggest one there is.' As part of the Sudbury Writers Guild, Kovala was part of an anthology titled 'Sudbury Superstack: A Changing Skyline, which was released in May. 'Sudburians have lots of opinions about it,' she said. 'Whether they hate it or love it or have some personal connections to it, people have opinions. And so we decided to bring writers together, but also community members. So others contributed to the book who maybe never wrote anything at all before but wanted to share their memories.' Gilpin said Vale has a plan in place on how it will commemorate the stacks. 'We do have a bit of a plan, a competition, if you will, or vote for the community to help us choose one of three options on how we can commemorate and remember the stack,' he said. 'One being a mural, another being sort of a statue, and the third being, a picture book -- a coffee table type book.' Residents are invited to visit Vale's website to vote for one of the three options. Voting will close at 4 p.m. Sept. 27 and the winning proposal will be shared on Vale's Facebook page in October.
CTV News
17-06-2025
- Business
- CTV News
Once the tallest structure in the world, Sudbury landmark to be dismantled piece by piece
The Superstack is 381 metres (or 1,250 feet) high, 35 metres wide at the base and 16 metres wide at the top. It is the second tallest chimney in the world, exceeded only by a power station chimney in Kazakhstan. Dismantling of the famous Superstack in Sudbury will begin in August. While many are sad to see it go, Vale Base Metals said it's an important step forward in its environmental stewardship program. Superstack 1972 When completed in 1972, the Superstack was the tallest structure in the world. It dispersed emissions from mining, a critical step in improving Sudbury's heavily damaged environmental landscape, which used to be dominated by black rock. (Photo from video) The Superstack is 381 metres (or 1,250 feet) high, 35 metres wide at the base and 16 metres wide at the top. It is the second-tallest chimney in the world, exceeded only by a power station chimney in Kazakhstan. When it was completed in 1972, it was the tallest structure in the world. It dispersed emissions from mining, a critical step in improving Sudbury's heavily damaged environmental landscape, which used to be dominated by black rock. More recently, however, Vale's $1 billion Clean AER Project led to the elimination of 100,000 metric tonnes of sulfur dioxide emissions each year (equivalent to 1,000 railway tanker cars of sulphuric acid), bringing emissions down to 30 per cent below the provincial standards. Superstack CleanAER Vale's $1 billion Clean AER Project led to the elimination of 100,000 metric tonnes of sulfur dioxide emissions each year (equivalent to 1,000 railway tanker cars of sulphuric acid), bringing emissions down to 30 per cent below the provincial standards. (Photo from video) That meant the stack was no longer needed. Paul Guenette is the project lead for the Superstack demolition project, a process that began in 2020 when Vale decommissioned the stack and began planning how to take it down. Since then, elevators have been built on the side to bring workers up and down. For the last two months, workers have been building a platform at the top. 'It's 95 per cent completed,' Guenette said. 'Probably in mid-July, we're going to see … the actual machine that's going to be doing the dismantling being set right on top of the rim.' Superstack dismantle The special equipment Vale will use to dismantle the superstack is like a jackhammer that will cut away panels. (Photo from video) He said the machine is like a jackhammer that will be 'cutting away panels in the stack and making them fall down on the inside.' Rubble will be removed as it accumulates inside the stack using a remotely controlled loader similar to what's being used underground. 'Again, (it's) super exciting piece that we're utilizing technology from underground to the above-ground, doing this monumental project,' Guenette said. Work will begin within weeks, but the process itself will take three or four years, he added. 'It's a lot of work, a lot of hours,' Guenette said. 'We have to respect all the bylaws, obviously, for the noise and other things just to make sure everybody's happy.' Work has to stop in winter because of the cold and extreme winds. He said that the water sprayer they use to control dust wouldn't work in winter because the water would freeze. 'That's why it's really going to take quite some time,' Guenette said. Vale hired Commonwealth Dynamics Canada, an external contractor, to help with the demolition and also has a team of about 27 employees working on the project. For people like Erin Newell, the Superstack has been a constant in her life. Newell's family has lived in Copper Cliff for 90 years. Superstack 4 While many are sad to see the Superstack go, Vale Base Metals said it's an important step forward in its environmental stewardship program. (Photo from video) 'My grandparents came here from Toronto, and they were down on Peter Street, where they raised nine children and there's still quite a few of us in town,' she said. 'I grew up on Crighton Road across from the park and I've lived on this street beside my sister for about 12 years.' Newell said the stack has always been a compass for her. 'Coming back from camp or a trip, you would always know that you were close to home (when) you started to see that in the skyline,' she said. 'It's going to be very different' 'And I think it's going to be very different now that it's not here. Definitely, a big piece of history that's always been a part of my life.' As the demolition moves closer to reality, Guenette said he knows it's bittersweet for many in the community. 'The stack, for certain generations of people, it was a sign of prosperity, right?' he said. 'You see smoke coming out of the stack, that means Inco or Vale, it was making money. People were working. We'd be able to put food on the table.' But the fact that it's no longer needed is a good thing since it means that emissions from mining have been drastically reduced. 'Look at Sudbury now -- it's completely green,' Guenette said. 'Thirty years ago, you wouldn't recognize this place. So there's two sides to it, I understand, but it's time to turn the new page as far as Sudbury and really showing the world that we care about the environment and we want to improve the world.' In addition to the Superstack, Vale is also taking down the less-famous Copperstack. Guenette said there are about 95 feet left to be dismantled. As for the Superstack, residents are being encouraged to share photos and memories of the stack while to company works towards creating a monument.
