Ready to build a rewarding career in an industry that is growing?

Who We Are

We are a global mining company dedicated to safely delivering nickel, copper, cobalt, and platinum group metals essential for the world’s energy transition.

Our mission is to improve lives and shape a better future together.

From utensils to cellphones to satellites, our operations simplify daily life and enhance connectivity. Our metals are integral to life-saving medical equipment and the electric vehicles driving the fight against climate change – our work truly matters.

Join our diverse team of 15,000 talented individuals committed to transforming critical minerals into prosperity and sustainable development in countries like Canada, Brazil, Indonesia, the United Kingdom, and Japan. We invite you to use your skills with us and contribute to something meaningful and enduring.

The Opportunity

We are currently seeking an**, Principal Mining Engineer** to join our Mine Economics & Financial Evaluation Team.

This is a permanent position.

As the Principal Mining Engineer, you will be responsible for responsible for building, owning, and continuously improving standardized cost models (opex/capex) for mining and delivering robust financial analyses (DCF, NPV/IRR, sensitivity and scenario analysis) that support strategic planning processes across Vale Base Metals including downstream process.

Additionally, in this position you will:

• Build and own standardized cost models: Design, validate, and maintain enterprise-standard models for opex, capex, sustaining capital with clear input structures, traceability, and audit trails; ensure alignment to strategic planning calendars

• Financial evaluation & decision support: Lead DCF/NPV/IRR analyses, scenario and sensitivity studies (commodity prices, FX, inflation, productivity, cut-off strategies), and option value assessments to inform portfolio and life-of-asset decision including downstream process

• Strategic planning integration: Provide the economic backbone for Life of Business Plan submissions by consolidating cost/economic inputs from sites and projects; ensure consistency with planning guidance and corporate finance standards.

• Assumptions governance: Establish and steward a centralized assumptions library (prices, FX, inflation, labor, energy, maintenance, productivity factors) with approvals, version control, and change logs; enforce model governance and documentation.

• Model quality & assurance: Define QA/QC protocols (peer review, back-testing to actuals, variance analysis); maintain model dictionaries, unit standards, and data lineage to ensure reproducibility and auditability.

• Risk & uncertainty: Partner with Simulation/Analytics to incorporate probabilistic methods (e.g., Monte Carlo) and produce ranges (P10/P50/P90) for key economic outputs where appropriate.

• Benchmarking & continuous improvement: Collaborate with Business Performance to benchmark cost drivers across assets, identify improvement levers, and reflect realized performance in forward plans.

• Stakeholder engagement: Act as the focal point with Finance, Strategy, Operations, Sustainability, and Technology to align economic assumptions and communicate results and trade-offs to technical and executive audiences.

• Capability building: Develop guidance, playbooks, and training for planning teams on cost modeling standards, economic evaluation techniques, and best practices; mentor analysts and engineers.

About You

Education:

• Bachelors in Mining Engineering
• P.Eng/M.eng/MBA is preferred

Experience:

• 12 - 15 years’ of work experience

Skills:

• Financial or corporate economics backgrounds
• Sound engineering principles with mining experience.
• Effective communicator and active listening
• Leadership experience proven to meet expectations
• Safety and risk management knowledge and experience
• Caring and respectful behaviors
• Collaboration skills demonstrating the ability to influence and engage for successful business improvement – Lead the Change.

What We Offer You

• Competitive compensation including a variable annual incentive plan.
• Participation in a competitive Defined Contribution Pension package.
• Comprehensive benefits package (company paid core coverage, health and dental coverage, flex accounts, disability plans and optional insurances).
• Leave for all of life’s reasons (vacation, personal, sick, parental).
• Flexible work arrangements.
• Work culture dedicated to safety, diversity & inclusion, and career growth.
• Employee Family Assistance Program.
• Virtual Healthcare online.
• Online training and career development opportunities.

Why Toronto

Vale's Toronto office, nestled in the heart of Canada's largest city, serves as a pivotal hub for the company's operations. This office is central to Vale’s IT, strategic planning, Human Resources, and legal affairs, driving key initiatives that support the company's global mission. Toronto’s vibrant, diverse, and dynamic environment enhances Vale’s ability to innovate and excel in these critical areas, reflecting the city's status as a leading international business center.

Include to Transform

At Vale Base Metals, we are committed to ensuring an inclusive work environment where people feel comfortable to be themselves. Vale encourages everyone to express their ideas and opinions and values the plurality of individual profiles. We want our people to feel that all voices are heard, all cultures respected and that a variety of perspectives are not only welcome – they are critical to our success. We treat each other fairly and with dignity regardless of race,

gender, nationality, ethnic origin, religion, age, sexual orientation, or any other personal consideration that makes us different.

Vale is an equal opportunity employer seeking to increase diversity across our operations and improve equal opportunity at Vale and in the mining industry.

In accordance with the Accessibility for Ontarians with Disabilities Act, accommodation is available throughout our recruitment process for applicants with disabilities.

Pay Grade: F1T

Apply by: Oct 11,2025

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