Inco critic named Minister of Mines in Nfld

Article Abstract:

Paul Dicks, who has been critical of the management of Toronto, Ont.-based Inco Ltd., has been appointed as Newfoundland's Minister of Mines and Energy. Mr. Dicks, who has taken a tough stance on negotiations over Inco's $4.3 billion Voisey's Bay nickel operations, is concerned over Inco's proposed hydrometallurgical process.

Canada, Government domestic functions, Iron ores, Iron Ore Mining, Iron Mines, Management, Mining industry, Iron industry, Iron mining

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Nfld. to hold informal talks with Inco (Newfoundland government begins negotations with nickel producer Inco Ltd.)

Article Abstract:

The new premier of Canada's Newfoundland Province Robert Grimes has announced plans to begin talks with Inco Ltd., about developing a $740 million nickel mining and processing plant on Voisey Bay in Labrador and a hydrometallurgical plant estimated at $820 million in Newfoundland.

Capital expenditures, Production management, Economic policy, Natural resources, Labrador, Grimes, Robert

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Inco's talks with Nfld. stall

Article Abstract:

Inco Ltd., based in Toronto, Ontario, has reached an impediment in its negotiations with Newfoundland to develop $1.4-billion nickel mining facilities in Newfoundland and Labrador. The Newfoundland government insists that the company build a $1-billion smelter and refinery at Argentia before it mines a large ore deposit at Voisey's Bay in Labrador. The company, however, is saying that the economics of the project have changed dramatically that a low-cost production may not be realized. Inco also stated that the government's demands would not justify investments by shareholders.

Comment:

Reached impediment in negotiations with Newfoundland to develop $1.4-billion nickel mining facilities in Newfoundland & Labrador

Facilities & equipment, Nonferrous Metals, Primary Metal Manufacturing, Metal products, Article

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