The future looks bright, if challenging, for Sudbury’s biggest miner, members of the local business community heard Tuesday.
“We have fundamentally a fantastic business,” said Dino Otranto, the new boss of base metals with Vale, at a Greater Sudbury Chamber of Commerce luncheon. “There is great opportunity and great potential, but we’ve got some hard work to do, and that’s the message — we truly have a transformation ahead of us.”
Otranto, appointed last year as COO for Vale’s North Atlantic Operations, said there is still an ample supply of ore in the Sudbury Basin and demand for nickel and other metals will only grow with the expansion of the electrical-vehicle market.
At the same time, however, “we are facing unparalleled competition,” he noted. “Our friends in the east will take over this year as the biggest nickel producer — a mantle we have had for as long we can remember — and they established that business in years, not decades, or 100 years.”