Inco closing in on Voisey's Bay. (Around the North).Inco Ltd. is close to settling its dispute with the Newfoundland Newfoundland, breed of dog Newfoundland, breed of massive, powerful working dog developed in Newfoundland, probably in the 17th cent., and later perfected in England. It stands from 25 to 28 in. (63.5–71. government over the processing of minerals from the Voisey's Bay site. Although the agreement is closer to being settled than ever before, the earliest that production would take place would be in 2006, explains a company official. The problem has been that the Newfoundland government wants the mined ore ore, metal-bearing mineral mass that can be profitably mined. Nearly all rock deposits contain some metallic minerals, but in many cases the concentration of metal is too low to justify mining the ore. to be processed in the province. Meanwhile, Inco's request for federal money to support research and development is pending, and officials believe that the request will not be looked at until an agreement is reached with the province of Newfoundland. Inco bought the Voisey's Bay property in 1996 for $4.3 billion and planned to build a $1-billion smelter in Newfoundland to the process the ore. |
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