Vale opens first new mine in Sudbury in over 40 years

February 21, 2014

SUDBURY, ON, Feb. 21, 2014 /CNW/ – Vale celebrated the official opening
of Totten Mine today in a ceremony with the Honourable Kathleen Wynne,
Premier of Ontario, the Honourable Michael Gravelle, Minister of
Northern Development & Mines, members of the Sagamok Anishnawbek First
Nation and many other community leaders.

“Totten Mine is Vale’s first new mine in the Sudbury Basin in more than
40 years and represents a significant investment in the future of our
operations in Ontario and across Canada,” said Peter Poppinga,
President & Chief Executive Officer of Vale Canada and Vale’s Executive
Director of Base Metals and Information Technology. “The opening of
Totten Mine reinforces the strong confidence we have in our world-class
base metals assets to deliver sizeable value through all commodity
cycles. Vale is committed to its future in Canada and across base
metals and we are pleased to be able to celebrate this historic
milestone for our company and the Greater Sudbury community.”

Premier Wynne spoke about the significance of the mine’s official
opening. She also cut the ceremonial ribbon along with Minister
Gravelle, and toured Totten’s state-of-the-art control room.

“Totten Mine is so important to the prosperity of Northern Ontario,”
said Premier Wynne. “It will create good jobs and help foster economic
growth in the region and beyond. I want to thank Vale for strengthening
Ontario’s position as a global mining power, while respecting our
environment and local communities.”

With a budget of more than US$700 million, the development of Totten
Mine took seven years to complete. Approximately 500 people were
employed at the site during peak development periods. The safety record
of the mine during construction was exemplary, achieving over 1 million
person-hours without a lost time injury.

Located in Worthington (approximately 40 km west of Copper Cliff), the
mine is now in operation and will employ approximately 200 people. It
will produce copper, nickel and precious metals over the next 20 years.

“There is no question that Ontario is a world leader in mining, and with
incredible partners like Vale who invest in our province and our
people, our reputation can only grow stronger,” said Minister Gravelle.
“When a new mine opens, it has an immensely positive impact on the
regional economy and every community surrounding it shares in the
benefits. Congratulations to everyone involved in this historic

Totten Mine features the latest in mine technology and safety
automation, including a wireless underground communication system and
location tracking on mechanical and personal protective equipment. It
has also incorporated industry-leading environmental features in its
design to minimize its operating footprint and impacts on the
surrounding area.

Another key distinction of Totten Mine is the relationship Vale has with
the Sagamok Anishnawbek First Nation. Vale signed an Impact Benefits
Agreement with Sagamok in 2012 and is committed to sharing the mine’s
economic benefits.

“Sagamok Anishnawbek congratulates Vale on their achievement and our
First Nation looks forward to continuing to participate in the Totten
Mine Project, including through employment, mine service delivery and
environmental stewardship,” said Chief Paul Eshkakogan, Chief of
Sagamok Anishnawbek First Nation.

“Totten Mine represents the future of mining for Vale’s Sudbury
operations,” said Kelly Strong, Vice-President of Ontario & UK
Operations, Vale. “It’s an extraordinary facility built by a dedicated
team of mining professionals and represents an accomplishment our
company and community can be very proud of.”

B-Roll Footage:

B-roll footage of Totten Mine will be available on Friday, February 21(st )from 2:30 – 2:45 p.m. Eastern Time via satellite:

            Feb. 21 14:30 to 14:45 Firm
            Satellite: Galaxy 17 K20 Slot A
            Uplink Freq: 14386.50 Horizontal
            Downlink Freq: 12086.50 Vertical
            Modulation : DVB-S  QPSK
            Symbol Rate: 7.5 Msymb/s
            FEC: 7/8
            Data rate: 12.0955 Mbit/s
            Video Format: HD1080i/59.94
            Codec: MPEG-4 H264 4.2.0.

About Vale:

Vale Canada Limited is one of Canada’s largest mining companies, with
operations in Sudbury, Ontario; Thompson, Manitoba; and Voisey’s Bay
and Long Harbour, Newfoundland and Labrador. The Vale Base Metals
division, with its headquarters in Toronto, is the world’s second
largest nickel producer and a leading producer of copper, platinum
group metals and cobalt.

Vale Canada Limited is part of Vale (NYSE: VALE), a global mining
company, transforming natural resources into prosperity. Headquartered
in Brazil and present in more than 30 countries, Vale employs over
200,000 people. For more information, please visit: vale.com/canada

SOURCE Vale Canada Limited

Source: PR Newswire

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