Talks for a Sudbury tie-up have been on and off since 2006, when annual savings were put at more than $500 million, with a number of options being touted for the mining and processing operations in the area.
“We’ve got some interesting thoughts on what is possible, (including) tailings (waste) and some of the old areas that could be redone and we are working through that,” VBM chairman Mark Cutifani told Reuters in an interview on the sidelines of the Future Minerals Forum (FMF) mining gathering in Riyadh.
“During the course of this year we should work out whether there’s something we can do together or not. Certainly that is one of my priorities,” he added.
Glencore declined to comment.
VBM, the copper and nickel spin-off of Brazil’s Vale, and Glencore share boundaries in the 60-km (37-mile) Sudbury basin.
VBM owns five mines, while Glencore owns the Nickel Rim South mine that is winding down operations after 15…
