Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will cost $149 million over the next four years. The initial production target is 300,000 tons of nickel and copper this year, ramping up to 1.5 million tons by 2025. Additionally, the mine will yield valuable byproducts, including cobalt and precious metals. Now read: Liberty Gold CEO Remains Bullish, But ‘Political Developments Will Influence Market’s Direction’ “This is a ...