Vale, Glencore to jointly assess copper development project in Sadbury Basin, Ontario

From finance.yahoo.com

Vale Base Metals, a subsidiary of Brazilian company Vale, and Glencore Canada, a unit of Swiss commodities major Glencore, have entered into an agreement to jointly assess a potential brownfield copper development project at their adjacent properties in Sudbury Basin, Ontario. This partnership aims to explore the synergies of mining both companies’ underground deposits using the shaft and infrastructure at Glencore’s Nickel Rim South Mine. The agreement establishes a framework for Vale Base Metals and Swiss commodities major Glencore to assess the feasibility of deepening Glencore’s existing mine shaft and ... (full story)