What happened to Falconbridge?
Falconbridge was an important player in the economic and commercial development of the northern region of Ontario Canada, particularly the communities in and around Sudbury….Falconbridge Ltd.
| Type | Public company |
|---|---|
| Founded | 1928 |
| Defunct | 2006 |
| Fate | Bought by Xstrata; became Xstrata Nickel |
| Headquarters | Toronto, Ontario, Canada |
Who owns Falconbridge mine?
Phelps Dodge is buying Inco and fellow Canadian mining corporation Falconbridge Ltd. in a deal worth $40 billion US. The merger would create the world’s largest nickel producer and second largest copper producer.
Who owns Kidd Creek?
Glencore Inc.
Kidd Mine or Kidd Creek Mine is an underground base metal mine 24 km (15 mi) north of Timmins, Ontario, Canada. It is owned and operated by Swiss multinational Glencore Inc. The mine was discovered in 1963 by Texas Gulf Sulfur Company.
What happened to Noranda Mines?
Only one year later in 2006 Falconbridge was acquired by the Swiss-based mining company Xstrata. On 2 May 2013 ownership of Xstrata was fully acquired by Glencore….Noranda (mining company)
| Type | Public |
|---|---|
| Fate | Bought Falconbridge Limited; continued as Falconbridge |
| Successor | Falconbridge Limited |
| Headquarters | Toronto, Ontario, Canada |
Does Inco still exist?
In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.
How much did Vale pay for Inco?
On Sept. 24, 2006, Canadian nickel miner Inco agreed to be bought by Brazil’s Vale in a $19-billion takeover.
Who started Glencore?
Marc Rich
Glencore/Founders
What is the history of Glencore?
Glencore
| Type | Public limited company |
|---|---|
| Industry | Commodities Metals and Mining |
| Founded | 1974 (As Marc Rich + Co AG) |
| Founder | Marc Rich |
| Headquarters | Baar, Switzerland (Headquarters) London, United Kingdom (Head office – Oil & gas) Rotterdam, Netherlands (Head office – Agricultural products) Saint Helier, Jersey (Registered office) |
How deep is Kidd Creek?
Kidd Operations Located in Timmins, Ontario, we operate the Kidd Concentrator and the Kidd Mine, the world’s deepest base-metal mine below sea level, mining at 9600 feet with shaft bottom at 9889 feet.
Can copper be found in Canada?
Canada is the fifth-largest mine producer of copper in the world. Most of the copper concentrate from mines in eastern Canada is converted to copper metal (99% pure) at smelters located at Flin Flon, Man, Sudbury and Timmins, Ont, and Rouyn-Noranda and Murdochville, Qué.
Who owns the mines in Sudbury?
Vale Limited
Creighton Mine
| Location | |
|---|---|
| Opened | 1901 |
| Owner | |
| Company | Vale Limited |
| Website | vale.com |
Is Vale listed in Canada?
Vale’s nickel mining and metals division is headquartered in Toronto, Ontario, Canada….Vale Limited.
| Type | Wholly owned subsidiary |
|---|---|
| Headquarters | Toronto, Ontario, Canada Gorontalo, Gorontalo, Indonesia |
| Products | Nickel, Copper, Cobalt, PGMs |
| Revenue | US$ 8.3 billion (2012) |
Where was the original Falconbridge mine in Ontario located?
By 1984, the commercial reserves at the original Falconbridge Mine had been exhausted. Production continued at several other sites in the Sudbury area. The company expanded within northern Ontario by acquiring the Kidd Mine in Timmins, Ontario.
When was Kidd Creek Timmins sold to Falconbridge?
Texas Gulf (by then Texasgulf Inc.) sold out in 1981 to National Elf of France. It immediately sold the Canadian mineral property to the Canada Development Corporation (controlled by the federal government) and in 1986, Falconbridge acquired it.
Who are the owners of Falconbridge Nickel Mines?
Falconbridge Nickel Mines was incorporated August 28, 1928 as a subsidiary of Ventures Limited. Mining in the Town of Falconbridge, however, can trace its roots back to Thomas Edison. In 1901, Edison staked a 40 acre claim (on the south east quarter of
Where is Falconbridge mine in Dominican Republic located?
In 1971 the Falconbridge Dominicana (Falcondo) mine and process plant commenced operation in Bonao, Dominican Republic. The site employed a novel reduction and smelting technique superior to the kiln process.