Nickel flop has mining giant in deep trouble

Article Abstract:

Inco's purchase of Voiseys Bay polymetallic discovery in Newfoundland for $C4.6 billion and the fall of nickel prices has affected the company badly. Inco bought the land in 1998 and there is still controversy over the development. Inco is looking to have a small mine while the government still expects the originally proposed elaborate mine and refining complex. Inco is working on reducing its production cost to deal with its financial difficulties.

Mergers, acquisitions and divestments, Finance, Inco Ltd.

---

The next nickel boom

Article Abstract:

The nickel industry will change with the implementation of new mineral processing technology. Three new nickel mines will start production in western Australia in the latter half of 1998 utilizing the new technology which extracts value from low-grade 'laterite' nickel. If these new mines are successful at least three additional projects will be funded.

All Other Metal Ore Mining, Ferroalloy ores, except vanadium, Nickel Ores, Production management

---

Nickel takes investors on a new adventure

Article Abstract:

Investors are showing renewed interest in nickel shares as production fails to keep pace with demand and nickel prices rise sharply. Plans for nickel mining ventures are discussed.

Investments

Similar abstracts:

• Abstracts: Telecom Italia shareholders to vote on defense strategy. The executive who captured Telecom Italia. Telecom shareholders grumble over Olivetti bid
• Abstracts: Flogging a feel-good factor. The dangers of ignoring public ire. Engineered power from the outer
• Abstracts: Directors' salvation hinges on right insurance cover. The tooth of the matter. Takeover players get a warning
• Abstracts: Fast times, fluctuating fortunes in the e-world. The dinosaurs are fighting back. Fortunes burst with the technology bubble
• Abstracts: When the music stops.... Hedge sitting can get prickly. Lion Nathan needs a drink

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.