Vale Inco strike lands FNX $55.7M in the red in 3d qtr.
Nov 12, 2009 | 10:49 AM
| Tom Jennemann
Junior nickel and copper miner FNX Mining Co. Inc. saw its net loss more than double in the third quarter as it was forced to stockpile significant amounts of nickel due to a labor strike at Vale Inco Ltd.'s Sudbury, Ontario, operations.
The Toronto company reported a quarterly net loss of Canadian $58.5 million ($55.7 million), widening from a net loss of C$26.5 million in the year-ago quarter, on sales that fell 75.4 percent to C$18.8 million ($18 million) from C$76.4 million.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.