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Sharing of resources proposed. (Mining).


Closer ties between Falconbridge Ltd. and Inco Ltd. would deliver numerous benefits in developing new properties in the nickel-rich Sudbury basin The Sudbury Basin, also known as Sudbury Structure, is the second largest known impact crater or astrobleme on Earth, and a major geologic structure in Ontario, Canada.

The basin is located on the Canadian Shield in the city of Greater Sudbury, Ontario.
, says Falconbridge's new president Derek Pannell.

During a conference call April 22, following the company's release of its first quarter results, Pannell said Falconbridge's latest Nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4.  Rim discovery near the Sudbury Airport Sudbury Airport or Greater Sudbury Airport, (IATA: YSB, ICAO: CYSB), is an airport in the Canadian city of Greater Sudbury, Ontario and is located 11 nautical miles (20.  and its proximity to Inco's nearby Victor property might bring about some opportunities to share a joint shaft for both properties.

Pannell has been talking with Inco officials since assuming the helm of the world's largest nickel producer this year. Though he declined to delve into specifics, Pannell did say the two companies maintain a dialogue at many levels. First quarter results show the nickel giant accumulated ac·cu·mu·late  
v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates

v.tr.
To gather or pile up; amass. See Synonyms at gather.

v.intr.
To mount up; increase.
 $20.4 million in consolidated earnings, or 10 cents a share.
COPYRIGHT 2002 Laurentian Business Publishing, Inc.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:between Falconbridge Ltd., Inco Ltd.
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CANA
Date:May 1, 2002
Words:131
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