How much did Vale buy Inco for?
On Sept. 24, 2006, Canadian nickel miner Inco agreed to be bought by Brazil’s Vale in a $19-billion takeover. The announcement of the acquisition came just weeks after fellow nickel giant Falconbridge was acquired by Xstrata of Switzerland (now part of Glencore) in an $18-billion deal.
Who founded Inco?
In 1922 Robert Crooks Stanley began a 30-year tenure as president–and later chairman–of Inco, intent upon building new markets in fields other than munitions. Stanley created a vigorous research and development department whose task it was to find new peacetime uses for nickel.
Who owns Vale Inco?
Vale S.A.
Vale Limited/Parent organizations
When did the first mine open in Sudbury?
In 1886, the Copper Cliff Mine started operations. This led to the first smelting operation in 1888.
What is Inco called now?
Vale Canada Limited
In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.
Who bought Inco in Sudbury?
Vale
On Oct. 6, 2006, Brazilian mining firm Vale purchased homegrown miner Inco in a $19.4-billion bid. Ten years later mining experts reflect on that business decision and its impact on the Sudbury basin.
What happened to Inco?
In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.
What did Inco stand for?
Instrumentation & Communications Officer (NASA Mission Control Flight Controller) INCO.
What is the deepest mine in Sudbury Ontario?
The mine is situated in the Sudbury Igneous Complex (SIC) in its South Range geologic unit. The mine is the source of many excavation-related seismic events, such as earthquakes and rock burst events. It is home to SNOLAB, and is currently the deepest nickel mine in Canada….Creighton Mine.
| Location | |
|---|---|
| Website | vale.com |
What’s the deepest mine in Sudbury?
Creighton
Creighton is an underground nickel mine located in Greater Sudbury, Ontario, Canada, and the ninth deepest mine in the world. It is also the world’s deepest nickel mine, with its mining depth extending up to 2.42km.
What does Inco stand for in education?
POST OF INCLUSIVE EDUCATION COORDINATOR (INCO) WITHIN THE.
When was the Inco Superstack built in Sudbury?
History. The Superstack was built by Inco Limited (and later purchased by Vale) at an estimated cost of 25 million dollars. Construction on the structure was underway during the Sudbury tornado of 20 August 1970; the structure swayed heavily in the wind, but remained standing and suffered only minor damage.
Where was the INCO nickel mine in Ontario located?
Inco Founded: 1902. Inco grew out of the nickel mines in Sudbury, Ontario, which remains one of Vale’s largest mining projects worldwide. The extraordinary base metal deposits there — the product of a prehistoric meteorite collision — were discovered in the 1880s and extracted in modest quantities throughout the 1890s.
What was the environmental impact of Inco Sudbury?
Historically, the environmental impact of Inco’s operations has also upset communities and governments alike. Throughout the postwar period, the company’s Sudbury operations emitted tremendous quantities of sulphur dioxide, which causes acid rain.
Where are the Sudbury Nickel Mines in Canada?
The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide. Inco grew out of the nickel mines in Sudbury, Ontario, which remains one of Vale’s largest mining projects worldwide.