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Gold/Mining/Energy : Falconbridge Ltd.( T.FL )

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To: Condor who started this subject	2/15/2001 8:26:50 AM
From: Condor	of 103

Globe/Bloomberg say Falconbridge, CAW talk today Falconbridge Ltd FL Shares issued 177,041,400 Feb 14 close $18.10 Thu 15 Feb 2001 In the News The Globe and Mail reports in its Thursday, Feb. 15, edition that Falconbridge says talks will resume today in Sudbury aimed at reaching a settlement of a seven-month strike at its nickel mines. A Bloomberg News dispatch to The Globe reports that Falconbridge says it is at "critical point, and our priority is to reach a settlement." Canadian Auto Workers head, Buzz Hargrove, is scheduled to join the talks tomorrow. The talks are being held without a mediator. In a letter to union president, Rolly Gauthier, Falconbridge said it will evaluate options to restore full production in the "very near future" if the talks are unsuccessful. The letter was available on Falconbridge's Web site. Falconbridge is threatening to hire workers to replace strikers at its Ontario mines if talks this week fail to resolve the seven-month walkout. About 1,250 production workers went on strike Aug. 1 at the company's Sudbury-area mines. The mines are operating at 20 per cent of capacity, while the smelter is running at 50 per cent. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

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