Around the North

Vale Inco will slow output to reduce costs as demand for iron ore and other metals soften amid the manic global economic market, company officials said.

Teck Cominco intends to curtail capital and exploration spending, and will consider selling off assets, as it prepares itself for the slumping metals markets and debt load.

The Ontario Society of Professional Engineers (OSPE) and Professional Engineers Ontario (PEO) are pleased to present Walter Curlook, P.Eng. (Long time career with INCO), and Roy Stephen Slack, P.Eng., President, Cementation Canada Inc.

The Regroupement des gens d'affaires de Sudbury (RGA), a francophone business association, has officially opened its newest offices at the heart of Collège Boréal's main campus.

First Nations entrepreneurs from across Northern Ontario arrived in Timmins last week to celebrate their own at the Nishnawbe Aski Development Fund's 18th Annual Business Awards.

Despite metal market uncertainties, Colorado-based Apollo Gold is moving ahead with its Timmins-area efforts, having recently begun development work on the Black Fox Project.

The Town of Cochrane has spent $1 million to purchase Iroquois Falls' share of Northern Ontario Wires Inc., an electrical distribution company.

Underground development work is being curtailed at Liberty Mines' Timmins-area properties as a result of the fluctuating nickel markets.

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A new consumer research lab is being established at Thunder Bay's Confederation College with the aid of $117,500 from the Northern Ontario Heritage Fund. The project includes renovating a 1,200 square-foot facility and purchasing computer equipment.