Sudbury synergy plan awaiting union stamp
Dec 07, 2007 | 08:39 AM
| Meghann McDonell
Plans by Xstrata Plc and Vale Inco Ltd. to jointly improve mining efficiency and cut costs in the Sudbury Basin in Ontario will be officially unveiled only after union workers at the companies get a look at them.
"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," Ian Pearce, Xstrata Nickel's chief executive officer, said. "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."
Xstrata's goal is to increase mine production by integrating certain operations with those of Vale Inco and optimizing the use of its existing mining and processing infrastructure. The main focus of Xstrata Nickel's efforts involve its North Range Mine, which is near several Vale Inco operations, and its Thayer Lindsay Mines, which sits beneath Vale Inco's Blezard deposit.....
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