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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: Supervalue who wrote (1602)	9/12/2000 7:47:06 AM
From: George J. Tromp	Read Replies (2) \| Respond to of 1707

I guess this answers the question as to what might have more priority sulphide or laterite deposits. Canadian nickel exploration encouraging-Inco<N.TO> HELSINKI, Sept 12 (Reuters) - Nickel exploration prospects suggest Canadian production will rise over the next decade as new discoveries are found, Lawrence Cochrane, director mines exploration of Inco exploration and technical services, said on Tuesday. "...based on current reserves and resources and planned developments, Canadian mine production is projected to increase by about 20 percent from present levels to 240,000 tonnes by 2010," Cochrane said at a Metal Bulletin nickel seminar in Helsinki. However, new discoveries to maintain and increase Canadian production must be cost-competitive, he said. Processing costs for sulphide ores were generally lower than for laterite smelters, but mining and upgrading costs were higher. Canada's sulphides, notably underground mines, required a high nickel grade and/or significant by-product credits to offset higher mining costs. But Canada had favourable geology, as four of the world's largest nickel-sulphide camps, Sudbury, Thompson, Voisey's Bay and Raglan, were located there. "The Sudbury camp alone contained about 18 million tonnes of nickel and exploration, and exploration is continuing," Cochrane added. Canadian nickel production had remained at about 200,000 tonnes since 1980 and currently accounted for 18 percent of world output. Although there were sufficient reserves and resources to maintain production at current levels in the short term, and output would increase when Voisey's Bay was developed, Canada's share globally would continue to fall, Cochrane said. Canada accounted for 50 percent of world supply until 1965, with production reaching a peak of some 280,000 tonnes in 1980. 04:02 09-12-00 Regards George