Inco Ltd., the world’s second-biggest nickel producer, won European antitrust approval to acquire rival Canadian mining company Falconbridge Ltd. for C$19.5 billion ($17.6 billion) after agreeing to sell a Norwegian refinery.
“I am satisfied that the remedies will allow the emergence of a fully fledged competitor and at the same time preserve competition in the nickel [...]
Inco Ltd., the world’s second-biggest nickel producer, won European antitrust approval to acquire rival Canadian mining company Falconbridge Ltd. for C$19.5 billion ($17.6 billion) after agreeing to sell a Norwegian refinery.
“I am satisfied that the remedies will allow the emergence of a fully fledged competitor and at the same time preserve competition in the nickel [...]
AMID talk of additional consolidation scenarios in the global mining industry, Xstrata has faced another setback in its bid to become a true rival to its bigger competitors BHP Billiton, Rio Tinto and Anglo American.
The Ontario securities regulator ruled on Friday that Xstrata’s $US16.1 billion bid for the 80 per cent of Canadian nickel producer [...]
Not so long ago, many mining operations in Greater Sudbury didn’t go a week without having an employee suffer some form of serious injury.
Going a full year - and more - without a single reportable disabling injury is not only something to be proud of, but worthy of national attention.
That’s why there were so many [...]
ANOTHER day, another astounding twist in the gripping M&A pot-boiler that is Canadian miner Inco’s attempted marriage to its local rival Falconbridge. This time the romance may lead to the birth of a new mining giant.
Weeks before Swiss miner Xstrata’s all-cash bid for Falconbridge was set to go before shareholders, Inco, Falconbridge and Arizona-based copper [...]
The union that represents many Inco and Falconbridge employees is wary of a deal that would see the mining companies merge with an American company.
Phelps Dodge Corp. announced its plans on Monday to merge with Inco and Falconbridge, in a transaction valued at $40 billion US.
The United Steelworkers union, which is hosting a meeting of [...]
The TSX scored a solid advance Monday as a $40-billion US takeover deal involving two of Canada’s biggest mining companies sparked widespread buying in mining stocks.
The TSX metals and mining sub-index rose 5.7 per cent, with shares of Inco and Falconbridge surging on news of a deal with U.S. mining giant Phelps Dodge.
Inco stock climbed [...]
