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Mining

Little progress in Vale Inco contract negotiations

Little progress in Vale Inco contract negotiations

With a midnight July 12 deadline fast approaching, very little progress is being made at the bargaining table, according to a media release by the United Steelworkers Locals 6500 and 6200.
Vale Inco waives responsibility for suppliers' equipment in case of strike

Vale Inco waives responsibility for suppliers' equipment in case of strike

Vale Inco is warning its suppliers it is not responsible for costs incurred on equipment that may become locked on their property if a strike occurs. The warning was delivered by letter from Vale Inco contract administration.

Northgate, Matachewan First Nation sign agreement

Northgate Minerals Corp. (TSX:NGX) and the Matachewan First Nation signed an impact and benefits agreement on July 2 for the Young-Davidson project, located in Matachewan.

Rumours quashed of Pollesel leaving Vale Inco

With local tensions running high in Sudbury as a result of ongoing management restructuring at Vale Inco, rumors have begun to grow surrounding the potential departure of John Pollesel, Vale Inco's new president of Ontario operations – rumors which a
Mining companies may bid for Xstrata

Mining companies may bid for Xstrata

Xstrata's proposed $40 billion merger with Anglo American may spur competing bids from Vale and China as rival miners compete for a deal to place them among the largest, according to Bloomberg sources.
Sudbury Vale Inco union workers fed up with 'third world employer'

Sudbury Vale Inco union workers fed up with 'third world employer'

United Steelworkers Local 6500 president John Fera stated in a release he is “fed up with the antics and negative business processes of their new third world employer, Vale. This is a company that only recognizes dollars – not people.
Kenora exploration activity at historic highs

Kenora exploration activity at historic highs

Mineral exploration activity has gone through peaks and lulls over the last 30 years in the Kenora District, but this time Craig Ravnaas said it could have some longevity.
Parviz Farsangi leaves Vale Inco

Parviz Farsangi leaves Vale Inco

Parviz Farsangi, executive vice president and COO of Vale Inco, has left the company. Cory McPhee, director of corporate affairs, confirmed his leave, saying there will be further restructuring going on, but the end should be wrapping up fairly soon.
St. Andrew Goldfields digs deep for three new mines

St. Andrew Goldfields digs deep for three new mines

With cash in hand, people on the ground and confidence in the air, St. Andrew Goldfields officials are more than optimistic that three gold properties nearly 100 kilometres east of Timmins will be in production by next year.
Xstrata proposes merger with Anglo American

Xstrata proposes merger with Anglo American

Xstrata has proposed to merge with British miner Anglo American. Xstrata recently sent a written proposal to the board of Anglo American seeking their consideration of a merger of equals of the two multi-billion dollar companies.