Inco at impasse over Voisey's project

Article Abstract:

Toronto, Ont.-based Inco Ltd.'s paln to develop its Voisey Bay nickel holdings have been delayed by failed negotiations with Newfoundland Premier Biran Tobin. Inco, which is led by chairman Michael Sopko and president Scott Hand, has resisted constructing a new smelter and refinery at the facility.

Strategy & planning, Natural resources

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Inco calls Tobin's bluff

Article Abstract:

Toronto, Ont.-based Inco Ltd. is negotiating with the provincial government of Newfoundland over plans to expand its nickel mining operations. Inco has threatened to shift over $1 billion in funds allocated for the Voisey Bay project to its Labrador operations.

Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Nickel, Nickel industry

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Falconbridge defends price for refinery

Article Abstract:

LionOre Mining International Ltd. acquires Falconbridge Ltd.'s Norwegian Nikkelverk refinery for $650 million. The position of Falconbridge Ltd. on the deal price, in the wake of its merger with Inco Ltd., is discussed.

Acquisitions & mergers, Parent-to-subsidiary activities, Gold ores, Subsidiary-to-parent activities, PRIMARY METAL INDUSTRIES, FABRICATED METAL PRODUCTS, Mergers, acquisitions and divestments, Company acquisition/merger, Metal industries, Gold industry, Metal products industry, Metalworking industry, Metal industry, Falconbridge Ltd., LionOre Mining International Ltd., Subsidiaries, divisions and units

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