Sudbury synergies worked out, still need union stamp
Dec 07, 2007 | 06:50 AM
| Meghann McDonell
Plans by Xstrata Plc and Vale Inco Ltd. to jointly improve mining efficiency and cut costs in the Sudbury Basin will be officially unveiled only after union workers at the companies get a look at them, Ian Pearce, Xstrata Nickel's chief executive officer, said.
"We have the project fully scoped at this stage and we'd love to be able to make a release today but we are not in that position yet. We have to respect the various stakeholders in this and bring them all to the table at the same time before we make an announcement," Pearce said.
Through integrating certain operations with those of Vale Inco, Xstrata's goal is to increase mine production by optimizing the use of its existing mining and processing infrastructure.....
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