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Article content The $150 million will cover phase one of the Thompson mine expansion, Vale said in a statement on Thursday. Phase one includes infrastructure development – ventilation raises and fans, increased backfill capacity and additional power distribution that will allow the company to mine deeper and longer. Phase one could increase production by 30%. The company plans to access lower portions of its primary ore body in phase two. We apologize, but this video has failed to load. Try refreshing your browser, or $150M investment will extend life of Thompson mining operation Back to video “The bigger prize, if we are successful in doing so, is it’ll set the stage for further investment that can really make the mine last well into the 2040s,” Cory McPhee a corporate affairs spokesperson with Vale said during a phone interview on Friday. “We know there’s ore down there, we just have to get to it. But at the same time, to make the business case even stronger, we

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