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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (2246)	1/14/2000 12:24:00 AM
From: average joe	Read Replies (2) \| Respond to of 2522

Tobin said "Inco would not remove a single rock from Voisey's Bay until it had built the promised smelter and refinery" threatening among other things, to tax INCO for every year that it failed to develop the Voisey's Bay mine. INCO should have got the same ten year tax holiday that was promised everyone else. INCO dug in with their delaying tactic because they know Tobin can't tax them or force them under any law in Canada to develop a mine. Tobin using his fishing boat tactics played right into their hands. I don't agree the Crown can force them to develop anything a certain way that is out of the ordinary. Uranium is shipped from Saskatchewan to Ontario for refining. Base metal used to be shipped to B.C. for smelting. Ekati diamonds I presume are cut in Antwerp, the home of the head office of Rex diamonds. average joe