BREAKING: Vale Base Metals (“VBM”) has officially commenced operations of its second nickel processing furnace, known as “Furnace 2,” at the Onçа Puma Mining Complex in southeastern Pará, Brazil. This urgent development, announced today, marks a significant boost to VBM’s production capacity by adding an impressive 15 kilotons of nickel output, elevating the complex’s total capacity to 40 ktpa.
The launch of Furnace 2 positions Onçа Puma as the largest ferronickel operation in Brazil, underscoring VBM’s commitment to long-term growth and profitability. The project was delivered on schedule and came in nearly 13 percent under budget, with no reported lost time injuries during its three-year construction phase.
VBM’s CEO, Shaun Usmar, expressed gratitude to the project team, acknowledging their dedication:
“This investment and successful delivery of the project further demonstrates VBM’s commitment to Pará and Brazil, while ensuring our world-class operations remain globally competitive.”
He highlighted the importance of consistent delivery on commitments to support significant investments in the company’s copper growth initiatives planned over the next decade.
The completion of Furnace 2 has generated 2,500 jobs during its construction, solidifying the Onçа Puma Mining Complex’s role as a crucial employment hub within the region. Currently, the facility employs over 1,800 permanent employees and contractors, making it a vital contributor to the socioeconomic development of Pará.
VBM aims to meet its 2025 nickel guidance of 160-175 kt. The start-up of Furnace 2, combined with the ramp-up of underground mining at Voisey’s Bay in Canada, is expected to drive nickel production between 210 kt and 250 kt by 2030.
Established in 2011, the Onçа Puma operation has positioned Brazil as a strategic exporter of nickel to the stainless-steel industry. VBM is committed to supporting local communities through employment, tax contributions, direct investment, and local procurement.
As Vale Base Metals continues to innovate and expand, the implications for the global nickel market could be profound. Stakeholders and investors are advised to monitor developments closely as VBM strengthens its footprint in the mining sector.
Stay tuned for more updates on this unfolding story and its impact on the mining industry.
