Vale Base Metals Reports 6% Increase in Copper Reserves; 2026 Exploration Plans Announced

Vale Base Metals announced a 6% increase in copper mineral reserves and resources to 53 million tonnes in 2025, part of a broader strategy to expand its resource base by over 20% by 2027. This growth, alongside a 13% rise in nickel reserves, underscores the company's commitment to enhancing its production capabilities across its operations in Canada and Brazil.

Published Apr 1, 2026

Vale Base Metals (VBM) reported a 6% increase in copper mineral reserves and resources to 53 million tonnes for 2025. Nickel reserves and resources rose 13% to 14 million tonnes, with significant contributions from exploration activities in Brazil's Carajás District.

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VBM plans to double its copper drilling intensity again in 2026, targeting over 120,000 meters to further expand resources through near-mine extensions and satellite deposits. The company's long-term strategy emphasizes sustainability and growth in both copper and nickel production, aiming to leverage existing infrastructure and improve resource confidence.