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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: Marshhawk who wrote (1902)	9/16/1999 10:43:00 AM
From: Ralph Kern	Respond to of 2769

What a tug of war! On one end laterites all clamoring to be at the front of the line, beating the jungle drum of massive production and then wow...nickel down 10%. Then the big boys move in..... INCO forces a strike at Thompson and nickel back up on top. Norilsk overstating their ice problems, and QNI complaining that they can't find ore to feed their production. In the middle is little old Canmine. We have to side with INCO on this one. As I said before as strange as it may sound a Canmine/INCO synergy would be interesting. Of course there may be bigger fish to fry( all looking for ore!). May the best man win.

To: Marshhawk who wrote (1902)	9/16/1999 11:25:00 AM
From: Cumbrian	Read Replies (1) \| Respond to of 2769

Inco rejects offer by union to extend current contract by 2 weeks. Inco locks out workers and begins orderly shutdown. The union says INCO actions make no sense. Well there, obviously the union in wrong and INCO is acting logically. How so? How can shutting off production and incurring the costs of a shutdown/startup make sense? Marshhawk As to your query noted above. You have obviously never gone through a end of contract period when no contract has been signed in a industrial environment. The clue as to why the lock out is in one of the press releases Dave pointed to and reproduced below. I would suspect if they did things as you alluded to they would leave themselves open being put in a awkward situation over the next two weeks. Could be they find themselves with converters full and no way to cast them or a similar situation. There is no doubt some arm twisting going on but the INCO move is pretty much standard procedure. Indeed I would be willing to wager that the crews for the last couple of shifts were sent home on full pay. Geoff. Inco opted instead to begin an immediate orderly shutdown, locking out approximately 300 workers who showed up late Wednesday evening for a ``graveyard shift' at the Thompson operations, Desjarlais said.