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

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To: Condor who started this subject	6/19/2001 7:07:55 AM
From: Condor	of 103

Globe says Inco touts special process to produce nickel Inco Ltd N Shares issued 181,997,763 Jun 18 close $27.10 Tue 19 Jun 2001 In the News The Globe and Mail reports in its Tuesday, June 19, edition that formal talks between Inco and the Newfoundland government over the potential development of the $1.6-billion Voisey's Bay nickel project commenced Monday in Toronto. The Globe's Allan Robinson writes that Inco told the provincial government it is developing a special hydrometallurgical process that could be used to produce nickel from the sulphide ore it would mine at Voisey's Bay in Labrador. That process is still at the laboratory stage and eventually would have to be tested at a pilot plant, says an unnamed analyst. Hydrometallurgical technology is now used to process laterite ores, a leached soil typically found in the tropics. Inco believes that a breakthrough in hydromet technology could make it economical to process nickel within the province and allow it to meet the province's key demand that nickel concentrate from Labrador be processed into nickel in Newfoundland and not shipped to Inco's refinery and smelting facilities in Ontario and Manitoba. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

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