Despite challenges, FNX Mining looking to expand

Dec 08, 2009 | 11:19 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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