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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (754)	8/30/2001 6:01:09 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Falconbridge Dominicana C. por A. announces temporary shutdown biz.yahoo.com BONAO, DOMINICAN REPUBLIC, Aug. 27 /CNW/ - Falconbridge Dominicana, C. por A. (Falcondo) today announced that in response to current market conditions, it is temporarily curtailing production from its ferronickel operation in the Dominican Republic. Falcondo's current plan is to shut down production operations for three months beginning October 28th and the company will take the opportunity to conduct maintenance work across the site during this period. Enrique Lithgow, President and General Manager of Falcondo, said, "The continuing weakness in the nickel market and high oil prices led to this decision. We will continue to monitor the market conditions as we move forward." Falcondo estimates that the shutdown will reduce deliveries to the market by 8,000 tonnes of nickel in ferronickel.