Despite challenges, FNX Mining looking to grow
Dec 08, 2009 | 08:35 AM
| Tom Jennemann
Junior Canadian miner FNX Mining Co. Inc. is eyeing expansion despite the fact that Vale Inco Ltd.'s nearby Sudbury, Ontario, operations remain on strike and prospects for a global metals recovery are still tentative, according to Dave Constable, vice president of investor relations.
"The status in Sudbury remains challenging; we don't know tomorrow morning whether things will change drastically on the strike line," Constable said during a Webcast from the Desjardins Basic Materials Conference in Montreal. "We have the flexibility and the cash on hand to stockpile for a while or fallback and send material to Xstrata for processing if need be."....
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