| Falconbridge Limited | |
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| Type | Public (FAL) |
| Founded | (1928) |
| Headquarters | Toronto, Ontario, Canada |
| Key people | David W. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Year 1928 ( MCMXXVIII) was a Leap year starting on Sunday (link will display full calendar of the Gregorian calendar. Toronto (təˈrɒntoʊ colloquially pronounced or) is the largest city in Canada and is the provincial capital of Ontario Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page Kerr, Chairman, Derek Pannell, CEO |
| Industry | Mining |
| Products | Copper, nickel, zinc, aluminium |
| Revenue | ▲$6. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 9 billion USD (2005) |
| Employees | 20,000 (2005) |
| Website | www.falconbridge.com/ |
Falconbridge Limited TSX: FAL was a Toronto, Ontario-based natural resources company with operations in 18 countries, involved in the exploration, mining, processing, and marketing of metal and mineral products, including nickel, copper, cobalt, and platinum. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Toronto (təˈrɒntoʊ colloquially pronounced or) is the largest city in Canada and is the provincial capital of Ontario Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Cobalt (ˈkoʊbɒlt is a hard lustrous silver-grey Metal, a Chemical element with symbol Co. Platinum (ˈplætɪnəm is a Chemical element with the Atomic symbol Pt and an Atomic number of 78 In August 2006, it was absorbed by Swiss-based Xstrata Plc, which had formerly been a major shareholder. Xstrata plc ( ( is an international mining company listed on both the London Stock Exchange and the SWX Swiss Exchange.
Falconbridge was an important player in the economic and commercial development of the northern region of Ontario, Canada, particularly the communities in and around Sudbury. Cities and towns Northeastern Ontario has six cities They are Greater Sudbury, Sault Ste Greater Sudbury (2006 Census population 157857 is a city in Northern Ontario, Canada.
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History
Experienced prospector and businessman Thayer Lindsley purchased mining claims northeast of Sudbury in 1928, forming the basis of Falconbridge Nickel Mines Limited[1]. Greater Sudbury (2006 Census population 157857 is a city in Northern Ontario, Canada. Year 1928 ( MCMXXVIII) was a Leap year starting on Sunday (link will display full calendar of the Gregorian calendar. These claims had been established as early as 1902, when Thomas Edison made the original discovery of the Falconbridge ore body, but remained undeveloped until Lindsley's purchase. Soon thereafter, planning and construction commenced of a company town to house and service workers in the mines to be constructed to harvest rich deposits of nickel-copper ore in the area[2]. The mining company and the community, complete with utilities and a medical centre, would be named Falconbridge after the geographic township in which they are located. Nickel Centre (1996 census population 13017 was a town in Ontario, Canada, which existed from 1973 to 2000
As soon as the next year, the new company acquired the Nikkelverk refinery in Kristiansand, expanding its operations, but also and importantly, the Hybinette nickel refining process. (formerly "Christianssand" is a city and municipality, and the capital of the county of Vest-Agder, Norway and of the geographical
The operations at the Falconbridge site expanded into the early 1930s. The 1930s were described as an abrupt shift to more radical and conservative lifestyles as countries were struggling to find a solution to the Great Depression. By 1930 ore from an underground mine was being extracted at 250 tonnes per day, and a nearby smelter was in operation to process the material. In 1932, a mill and sintering facility began operation.
Through the 1950s and 1960s, significant expansion of the Sudbury Basin operations took place, including some twelve new mines. The 1950s Decade refers to the years of 1950 to 1959 inclusive The 1960s decade refers to the years from the beginning of 1960 to the end of 1969 The Sudbury Basin, also known as Sudbury Structure or the Sudbury Nickel Irruptive, is the second largest known Impact crater or Astrobleme All recovered nickel, copper, and smaller amounts of other materials including platinides. The Nikkelverk operation began recovering cobalt alongside previous extractions in 1952, using a new refining process. In 1962, Falconbridge acquired Ventures Limited, including its numerous international operations and geological exploration infrastructure, allowing further expansion and growth outside of Canada.
The late 1970s saw the company play a role, alongside INCO, in the environmental reclamation efforts undertaken in the Sudbury region. This article is about the Decade 1970-1979 For the Year 1970 see 1970. The Regional Municipality of Sudbury was a Regional municipality in Ontario, Canada, which existed from 1973 to 2000 As part of this, a new, more efficient smelter was opened, as well as a facility for the production of sulfuric acid. Sulfuric (or sulphuric acid, H 2 S[[oxygen O]]4 is a strong Mineral acid. This commercially saleable chemical had been a source of significant ecological damage when it was produced in the atmosphere by the reaction of smelter emissions. The new acid plant allowed this effect to be greatly reduced by catalyzing the reaction before emission, while producing additional revenue from the sale of the acid.
In 1979, Falconbridge patented the chlorine leach nickel refining process that had been developed in-house.
By 1984, the commercial reserves at the original Falconbridge Mine had been exhausted. Production continued at several other sites in the Sudbury area. The company expanded within northern Ontario by acquiring the Kidd Mine in Timmins, Ontario. Kidd Mine an underground Base metal mine in the city of Timmins, Ontario. Expansion continued in the 1990s, with a new mine in Sudbury, and one at Raglan in northern Quebec, though it lost the bidding war with INCO for the deposity at Voisey's Bay[3]. The 1990s collectively refers to the years between and including 1990 and 1999 The Raglan Mines is a large Nickel mining complex in the Nunavik region of northern Quebec, Canada. Voisey's Bay is a Canadian Bay in the province of Newfoundland and Labrador. The new century saw more mine openings, in Timmins and Tanzania, and acquisitions in Chile.
In June 2005 it merged with Noranda Inc. Noranda Inc was a Mining and Metallurgy company originally from Rouyn-Noranda, Quebec, Canada. , previously the 58. 9% owner, continuing under the name Falconbridge. The Noranda branch brought significant variety to the business, including operations in aluminum mining and recycling of electronic hardware.
Operations at the time of Xstrata acquisition
Falconbridge had major operations in and around the Sudbury Basin, including the Craig, Fraser, and Thayer Lindsley underground copper/nickel mines, as well as a mill (Strathcona), nickel smelter, sulfuric acid plant, and a technology centre (FTC). The Sudbury Basin, also known as Sudbury Structure or the Sudbury Nickel Irruptive, is the second largest known Impact crater or Astrobleme Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Chemical reduction, or smelting, is a form of Extractive metallurgy. Sulfuric (or sulphuric acid, H 2 S[[oxygen O]]4 is a strong Mineral acid. In 2005, Falconbridge started the Deposit Definition phase of the Nickel Rim South mine near the Sudbury Airport. Sudbury Airport or Greater Sudbury Airport,, is an Airport in the Canadian city of Greater Sudbury, Ontario and is located Shaft sinking for Nickel Rim South is scheduled to be complete by 2008.
Metal refining was no longer carried out in Sudbury by Falconbridge, but rather at its Falconbridge Nikkelverk operation in Kristiansand. Greater Sudbury (2006 Census population 157857 is a city in Northern Ontario, Canada. (formerly "Christianssand" is a city and municipality, and the capital of the county of Vest-Agder, Norway and of the geographical
Another Canadian operation was the Kidd Mine site in Timmins, Ontario which includes an underground zinc/copper mine, mill, copper smelter and copper refinery, zinc plant, indium plant, cadmium plant, and sulfuric acid plants. Kidd Mine an underground Base metal mine in the city of Timmins, Ontario. Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 A refinery is composed of a group of Chemical engineering unit processes and Unit operations used for Refining certain materials or converting Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Indium (ˈɪndiəm is a Chemical element with chemical symbol In and Atomic number 49 Cadmium (ˈkædmiəm is a Chemical element with the symbol Cd and Atomic number 48 Sulfuric (or sulphuric acid, H 2 S[[oxygen O]]4 is a strong Mineral acid. Falconbridge also operated the Montcalm underground nickel mine west of Timmins. Montcalm is a federal electoral district in Quebec, Canada, that has been represented in the Canadian House of Commons from 1867 to 1917 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Other sites were located in Quebec, Ontario (Rouyn-Noranda: Horne copper smelter, Montreal: CCR copper refinery, Valleyfield: CEZ zinc refinery, Nunavik: Raglan underground nickel/copper mine and mill) and Bathurst, New Brunswick (Brunswick underground zinc/lead mine, lead smelter and lead refinery, and silver refinery). Quebec (kwɨˈbɛk Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Montreal, or Montréal in French ( pronounced in French, in English) is the largest city in the Canadian province of Quebec Salaberry-de-Valleyfield is a city in southwestern Quebec, in the Regional County Municipality of Beauharnois-Salaberry. Nunavik (ᓄᓇᕕᒃ comprises the northern third of the province of Quebec, Canada. The Raglan Mines is a large Nickel mining complex in the Nunavik region of northern Quebec, Canada. Bathurst ( 2006 population 12714 UA 18154 CA population 31424 is a Canadian city in Gloucester New Brunswick ( French: Nouveau-Brunswick /nuvobʁɔnzwik/ is one of Canada 's three Maritime provinces and is the only constitutionally
Copper and precious metal recycling facilities were at Brampton, Ontario; East Providence, Rhode Island; La Vergne, Tennessee; Roseville, California; San Jose, California; and Penang, Malaysia. Brampton (pronounced bramton is the third-largest city in the Greater Toronto Area of Ontario, Canada and the seat of Peel Region. Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec East Providence is a city in Providence County, Rhode Island, United States. Rhode Island ( officially named the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States La Vergne is a city in Rutherford County, Tennessee, United States. Tennessee ( is a state located in the Southern United States. Roseville is a City in Placer County, California, United States, located in the metropolitan area of Sacramento. California ( is a US state on the West Coast of the United States, along the Pacific Ocean. Penang (pəˈnæŋ Malay: Pulau Pinang) is a state in Malaysia, located on the northwest coast of Peninsular Malaysia For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and
Falconbridge Ltd. also operated an aluminium smelter in New Madrid, Missouri and an aluminum refinery in Gramercy, Louisiana. WikipediaNaming New Madrid (nuːˈmædrɪd is a city in New Madrid County, Missouri, 42 miles (68 km south by west of Cairo Illinois, on the Mississippi River Missouri ( or) is a state in the Midwestern region of the United States bordered by Iowa, Illinois, Kentucky, Tennessee Gramercy is a town in St James Parish, Louisiana, United States. The State of Louisiana ( or, État de Louisiane, pronounced) is a state located in the southern region of the United States of America The aluminum produced from these mills was prepared in one of four rolling mills located in Huntingdon, Tennessee (2 mills); Salisbury, North Carolina (1 mill); and Newport, Arkansas (1 mill). A rolling mill is a Machine or Factory for shaping Metal by passing it between a pair of Work rolls. Huntingdon is a town in Carroll County, Tennessee, United States. Tennessee ( is a state located in the Southern United States. Salisbury is a city in Rowan County in North Carolina, a state of the United States of America. North Carolina ( is a state located on the Atlantic Seaboard in the southeastern United States Newport is a city in Jackson County, Arkansas, 84 miles (135 km northeast of Little Rock, on the White River. Arkansas ( is a state located in the southern region of the United States.
Central American and Caribbean projects included the St. Ann bauxite mine in Discovery Bay, Jamaica and the Falcondo nickel surface mine and processing plant in Bonao, Dominican Republic. Bauxite is the most important Aluminium Ore. It consists largely of the minerals Gibbsite Al(OH3 Boehmite γ-AlO(OH and Discovery Bay is a town in Saint Ann Parish on the northern coast of Jamaica. Jamaica (ˈdʒəˈmeɪkə} is an Island nation of the Greater Antilles, in length and as much as in width situated in the Caribbean Sea. Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Bonao is the capital of Monseñor Nouel province Dominican Republic. The Dominican Republic ( Spanish: República Dominicana;) is a nation located in the Caribbean region and shares the island of Hispaniola with
South American properties were mainly copper deposits such the Antamina copper/zinc open-pit mine in northern Peru, the Collahuasi copper/molybdenum open-pit mine (including mill, liquid-liquid extraction plant, and electrowinning plant) in northern Chile, the Lomas Bayas open-pit copper mine (including liquid-liquid extraction plant and electrowinning plant), and the Altonorte copper smelter also in northern Chile. Peru (Perú Piruw Piruw officially the Republic of Peru ( reˈpuβlika del peˈɾu is a country in western South America. Molybdenum (məˈlɪbdənəm from the Greek word for the metal " Lead " is a Group 6 Chemical element with the symbol Mo Liquid-liquid extraction, also known as solvent extraction and partitioning, is a method to separate compounds based on their relative solubilities in two Chile, officially the Republic of Chile ( Spanish:) is a country in South America occupying a long and narrow Coastal strip wedged between the Liquid-liquid extraction, also known as solvent extraction and partitioning, is a method to separate compounds based on their relative solubilities in two
Falconbridge also owns a Boeing 737-200 with registration markings C-FFAL. The aircraft is based in Toronto at Pearson International Airport. Recently, the aircraft was repainted with Xstrata titles following the takeover.
Merger efforts and acquisition
On October 11, 2005, Inco Limited announced a proposal to acquire Falconbridge for $12 billion. Events 1138 - A massive earthquake struck Aleppo, Syria. 1531 - Huldrych Zwingli is killed Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. This came at a time of especially high prices for base metals, including nickel. Part of the motivation for the merger was to avoid a takeover by either company by cash-flushed foreign competitors. Additionally, significant synergies would have been realized in the Sudbury operations, with both companies performing the same kind of extraction and smelting work on the same kind of ore.
The two companies were set upon by hostile takeover bids from rival firms. Swiss Xstrata, already 19. Xstrata plc ( ( is an international mining company listed on both the London Stock Exchange and the SWX Swiss Exchange. 9% owner of Falconbridge, bid for a complete acquisition, while Teck Cominco, of Vancouver, set its sights on INCO. Teck Cominco Limited () is a Canadian Mining company It was formed from the amalgamation of Teck and Cominco in 2001 Vancouver (vænˈkuːvɚ is a coastal
On May 13, 2006, Inco Limited announced that it increased its offer to acquire Falconbridge by CA$5. Events 1497 - Pope Alexander VI excommunicates Girolamo Savonarola. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 00 per share, bringing the bid to CA$61. 04 per share (based on the June 23, 2006 Inco/Phelps Dodge share price). Events 1180 - First Battle of Uji, starting the Genpei War in Japan 1305 - The Flemish Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar.
On June 26, 2006, Phelps Dodge made a bid for the proposed combined Inco/Falconbridge company, valued at around US$40 billion. Events 363 - Roman Emperor Julian is killed during the retreat from the Sassanid Empire. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Phelps Dodge Corporation is a former United States company founded in 1834 by Anson Greene Phelps and William E This would form the Phelps Dodge Inco Corp. valued at US$56 billion, creating the fifth largest mining company, largest nickel producer, and the second largest copper producer in the world with corporate and copper division headquarters located in Phoenix, Arizona and nickel division headquarters in Toronto, Ontario. The deadline for the Inco offer was July 13, 2006. Events 1174 - William I of Scotland, a key rebel in the Revolt of 1173-1174, is captured at Alnwick by forces loyal to Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar.
On May 18, 2006, Xstrata had announced a proposal to acquire Falconbridge for CA$52. Events 1152 - Henry II of England marries Eleanor of Aquitaine. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Xstrata plc ( ( is an international mining company listed on both the London Stock Exchange and the SWX Swiss Exchange. 50 per share. This was a cash offer, unlike the Inco offer of a combination of cash and shares. On July 12, 2006, Xstrata announced that it increased its offer to acquire Falconbridge to CA$59. Events 1191 - Saladin 's garrison surrenders ending the two-year Siege of Acre. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Xstrata plc ( ( is an international mining company listed on both the London Stock Exchange and the SWX Swiss Exchange. 00 per share (an approximate total value of CA$22. 5 billion). This counter-offer was 9. 6% higher than Inco's bid. The deadline for Xstrata's bid to be complete was July 21, 2006. Events 356 BC - Herostratus sets fire to the Temple of Artemis in Ephesus, one of the Seven Wonders of the World Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Xstrata acquired and absorbed Falconbridge in late August 2006, leaving INCO open to bids by Phelps Dodge and the Brazilian Companhia Vale do Rio Doce[4]. Vale is a diversified Mining Multinational corporation and one of the largest Logistics operators in Brazil.
Social impact in Sudbury
Falconbridge lent its name to a company town northeast of Sudbury, which grew to be a community in its own right. The town of Falconbridge was incorporated by the provincial government in 1957[5]. Nickel Centre (1996 census population 13017 was a town in Ontario, Canada, which existed from 1973 to 2000 Year 1957 ( MCMLVII) was a Common year starting on Tuesday (link displays the 1957 Gregorian calendar) It was organized along with several other communities into the Town of Nickel Centre and Regional Municipality of Sudbury in 1973; the regional municipality was in turn amalgamated into today's city of Greater Sudbury in 2001. Nickel Centre (1996 census population 13017 was a town in Ontario, Canada, which existed from 1973 to 2000 The Regional Municipality of Sudbury was a Regional municipality in Ontario, Canada, which existed from 1973 to 2000 Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar.
Some Falconbridge workers also lived in the nearby community of Happy Valley, which was abandoned in the 1960s due to pollution from the Falconbridge smelter. Nickel Centre (1996 census population 13017 was a town in Ontario, Canada, which existed from 1973 to 2000 The 1960s decade refers to the years from the beginning of 1960 to the end of 1969
"Falco", as it was often called by Sudbury residents, remained for decades the second-largest employer in the Sudbury area, exceeded only by rival mining giant INCO. The economic fortune of the city was tied to those of the mining companies; a strike at either had a major effect on the local economy and the livelihood of the population, involving thousands of workers in the major industry of the town. The effect diminished as economic diversification progressed in the 1980s and 1990s.
Citizens, particularly workers and their families, came to develop an attachment to what were seen as local companies with significant size and influence in the mining industry. In particular, a certain degree of rivalry between workers at the two mining giants, who were members of rival trade unions, developed. A proposal to merge the INCO and Falconbridge in 2006 was heade with a slogan "Two proud histories, one great future[6]", in reference to the strong identities which workers and the community had attached to the companies.
A major street in Sudbury is named Falconbridge Road, after the company and community. In 2007, Xstrata donated Falconbridge's historic Edison Building, its onetime head office, to the city of Greater Sudbury to serve as the new home of the city archives. The Edison Building is a historic building in Greater Sudbury, Ontario. An archive refers to a collection of historical records and also refers to the location in which these records are kept
External links
- Official site, now moved to Xstrata archive
References
- ^ Flash presentation at http://archive.xstrata.com/falconbridge/. See "About us", "History and Milestones" Retrieved 28 August 2006
- ^ Heritage Museums
- ^ Mining and Regulation: Voisey's Bay (BP-422E)
- ^ http://www.cvrd.com.br/cvrd_us/cgi/cgilua.exe/sys/start.htm?infoid=1567&sid=373
- ^ Heritage Museums
- ^ http://www.city.greatersudbury.on.ca/content/div_councilagendas/documents/PresidentsBreakfastslides-Oct-05.pdf#search=%22inco%20%22two%20proud%20histories%22%22
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