Dominican Today (Free subscription) | 19/08/2008
BONAO, Dominican Republic. - Low world nickel prices and high operational costs have forced the mining company Falconbridge Dominicana (Falcondo) to temporarily suspended operations.
Market Watch (Free subscription) | 19/08/2008
LONDON (MarketWatch) -- Xstrata said Tuesday that Falconbridge Dominicana, a nickel mining and processing operation with an annual capacity of 29,000 tonnes of nickel in ferronickel, is temporarily suspending operations as a result of market conditions. This is due to a combination of extremely high oil prices, which represent the majority of the site's costs, and lower nickel prices. The shutdown...
Globe and Mail (Free subscription) | 07/08/2008
Xstrata PLC will spend $121-million (Canadian) to deepen and extend the life of its Kidd copper and zinc mine in Northern Ontario, the mining giant said yesterday.Xstrata, which acquired the mine with its takeover of Canadian miner Falconbridge in 2006, said the investment will add 3.4 million tonnes of ore to the mine's production and extend its life by one year to 2017.
Dominican Today (Free subscription) | 13/06/2008
LA VEGA.- Farmers who’ve been growing coffee, rice, avocados, yautía, cassava, sweet potato and other crops in the community Sabana del Puerto have left their fields fallow, alleging a crop yield of just 25 percent, which they blame on contaminants spewed from the Falconbridge nickel mine, the country’s largest and one of the oldest operations.
atHome Top Story (Free subscription) | 28/05/2008
Only a year ago, nickel prices were soaring into the stratosphere in the wake of the twin takeovers of former Canadian producers Inco and Falconbridge and amid a sense that China's rapid development would gobble up every available pound of the metal used to make stainless steel.
Market Wire (Free subscription) | 28/04/2008
TORONTO, ONTARIO (MARKET WIRE) Xstrata plc's subsidiary, Xstrata Canada Corporation (formerly Falconbridge Limited) ("Xstrata Canada"), announced its intention to complete an internal reorganization (the "Reorganization"), which will enable Xstrata Canada to realize certain tax synergies. In connection with the Reorganization to be effected pursuant to a shareholder and court approved plan of arrangement,...
Market Watch (Free subscription) | 03/03/2008
Xstrata on Monday said it was still talking with Brazil's Vale on a deal after reporting that its profit more than tripled for the year, helped by the $18 billion acquisition of Canada’s Falconbridge and by ravenous emerging-markets demand for metals.
atHome Top Story (Free subscription) | 22/01/2008
If Brazilian miner Vale succeeds in its planned takeover of Xstrata PLC, the two foreign firms will be able to do something Canadian nickel giants Inco and Falconbridge failed to do: join their operations in the valuable Sudbury Basin and realize as much as $550 million in cost savings.
Globe and Mail (Free subscription) | 22/01/2008
Brazil's Companhia Vale do Rio Doce (Vale) and Swiss-based Xstrata PLC - the global mining giants that snapped up Canada's major nickel producers Inco and Falconbridge - are in talks to combine, aiming to bulk up enough to contend with a new generation of resource sector behemoth.
Inbox Robot: Swiss Reinsurance News (Free subscription) | 21/01/2008
TORONTO - If Brazilian miner Vale succeeds in its planned takeover of Xstrata PLC, the two foreign firms will be able to do something that Canadian
CBC.ca (Free subscription) | 21/01/2008
Canadian mining companies Inco Ltd. and Falconbridge Ltd. could wind up with the same owner as Brazil's Companhia Vale do Rio Doce said Monday it has been talking with Switzerland's Xstrata Plc.
atHome Top Story (Free subscription) | 01/01/2008
After former nickel titans Inco and Falconbridge were snatched from Canadian hands and homegrown golden boys Barrick Gold Corp. and Placer Dome teamed up, no one expected 2007 to top that on the resource scale.
CBC.ca (Free subscription) | 12/12/2007
Swiss-based Xstrata PLC, which bought Ontario-based nickel giant Falconbridge in 2006, confirmed Wednesday that it's in the early stages of 'consolidation' talks.
atHome Top Story (Free subscription) | 03/12/2007
The Bank of Nova Scotia would like to see less "hollowing out" of Corporate Canada.
The Independent (Free subscription) | 01/12/2007
More merger talk in the mining sector: Xstratamay make a bid for Anglo-American and CreditSuisse thinks that the time is right. A nickel-price rally saw Xstrata acquire Falconbridge last year, and the climbing price of platinum may persuade it to step into the fray for Anglo-American. A rumour pegs the prospective bid at £36 a share, below Credit Suisse's estimate of £42 a share if things were done...
