HomeSudbury News

Vale-Glencore Sudbury merger talks to start in new year

By: Jonathan Migneault - Sudbury Northern Life

 | Dec 19, 2013 - 11:38 AM |
merger660

merger660

Both companies would jointly operate mines, mills and smelters

Vale will start formal negotiations early next year with Glencore Xstrata Plc to combine their Sudbury operations, according to a report from Bloomberg.

Peter Poppinga, Vale's executive director for base metals, said in a conference call that the two companies will work to jointly operate nickel mines, mills and smelters in Sudbury.

“We now find there’s a healthy environment for this kind of discussion with Glencore,” Murilo Ferreira, Vale's CEO, said in the conference call. “We always worked with the possibility of having an unincorporated joint venture in Sudbury.”

Rick Bertrand, president of United Steelworkers Local 6500, previously told Northern Life it is too early to speculate on how a Sudbury merger between both companies could affect the local workforces.

“All I know is that they (Vale) are hiring,” Bertrand said. “Vale has been hiring miners and they've been hiring maintenance people, so it's tough to say at this point in time if there are going to be any cuts.”
Jonathan Migneault

Jonathan Migneault

Staff Writer

@jmigneault

Reader's Feedback

NorthernLife.ca may contain content submitted by readers, usually in the form of article comments. All reader comments and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of NorthernLife.ca. The fact that a particular message is posted on or transmitted using this web site does not mean that NorthernLife.ca has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to NorthernLife.ca to report any objectionable content by using the "report abuse" link found in the comments section of this web site. Comment Guidelines


comments powered by Disqus

Most Popular

Local Business Directory