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Chickens Coming Home to Roost with Inco Contract – by Michael Atkins

Northern Life, Greater Sudbury’s community newspaper, gave Republic of Mining.com permission to post Michael Atkin’s column. www.northernlife.ca

Michael Atkins

Buzz Hargrove, the feisty (I’m being kind) president of the Canadian Auto Workers (CAW) union, recently said they would go on strike against General Motors (GM) if the auto maker did not promise new car products for Windsor, Oshawa, and St. Catharines, Ontario. A few days later, he changed his tune completely.

“You strike after something you think is achievable,” he said. “If we thought there was a product out there that we could strike and fight and win, then you can bet your boots we would be striking over it.”

Of course, what happened between the ultimatum and the climb down was that GM announced unceremoniously it would close a transmission plant in Windsor, whether the union liked it or not. Buzz is now negotiating severance packages, not new jobs.

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Canada’s PDAC 2008 Convention – The Mining Boom Continues – Stan Sudol

Ontario Northern Development and Mines Minister Michael Gravelle and PDAC Mining Matters KidsThe annual Prospectors and Developers Association of Canada (PDAC) convention is the premier event in the global exploration and mining sector. The Toronto convention, which is always held in the first week of March, is expected to set another attendance record this year with about 20,000 visitors.

As I jump from presentation to event throughout this column I may sound like I have a severe case of “attention deficit disorder. This only reflects the many stories, people, lectures and events at the PDAC which just simply overloads the mind. Combine that with the networking, business deals, and the enormous amounts of partying and the frantic three and a half days can become a blur to any participant. Where to start?

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The Annual PDAC Convention Begins on Sunday – Stan Sudol

The annual Prospectors and Developers Association of Canada (PDAC) convention starts this Sunday in Toronto, Canada. This year’s convention has shifted to the South Building of the Metro Toronto Convention Centre from the North Building to accommodate more exhibitors and a larger crowd. They are expecting to see close to 20,000 participants, a new record high like the price a many of the metals its members are searching for.

PDAC was first founded in 1932, early in the Great Depression in order to fight some new provincial government regulation that was detrimental for struggling prospectors. Copper was then selling at four cents a pound (US), nickel was about 35 cents per pound, and gold could be bought for $20.67 per ounce. How things change and how they stay the same.

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Mine Money Triangle – By Leslie McFarlane (Maclean’s – April 15, 1938)

Inco Advertising 1939Prosperity, modernity, pioneer color and a relief problem
– You’ll find them all in the Big Three of Ontario mining

Considering Northern Ontario’s glittering triangle. At the apex, toward the eastern border of the province, lies Kirkland Lake; one hundred miles west and a little north, timmins; southward, along that invisible boundary that makes Ontario two provinces in one, Sudbury.

No communities in all of Canada are busier, none more prosperous. The same golden light shines on each. Close together geographically, speaking the same language of mines and mining in a score of tongues, with a common tradition of pioneer luck and labor and a common destiny in that their wealth is derived from the rock, it might seem that they would share a common personality. They don’t. They are too vital for that.

Each of the three communities is distinctive in its own right.

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FNX Mining – Sudbury Basin Success (Part Two) – Stan Sudol

Underground at McCreedy West - FNX Photo“We had the pick of the geologists’ crop in the depressed mining sector of 2002 and subsequently built one of the country’s biggest, youngest and most innovative exploration teams,” continues MacGibbon. “And with all that historical data, our fantastic computer- literate staff played a key role in helping us decide where to drill.”

Right from the beginning, this junior’s exploration mindset was on steroids. From 2002 to 2007 FNX will have spent more than $100 million on exploring its properties in the Sudbury Basin.

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FNX Mining- Sudbury Basin Success (Part One) – Stan Sudol

Terry MacGibbon, Executive Chair, FNX Mining Company Ltd. - FNX Photo“Our company has a strategic position in the trillion-dollar Sudbury Basin which by far, is the richest mining district in North America,” observes Terry MacGibbon, executive chair of FNX Mining Company Inc. “With China’s and eventually India’s voracious hunger for metals, expected to last for decades, the long-term growth and future of our company on solid ground.”

MacGibbon’s dedication to the region is proudly on display in the front lobby of the company’s University Ave. head office – adjacent to Toronto’s high-rise financial core where many of the country’s top mining analysts and investors work – with a bold eight-by-four sculpted wall hanging in the shape of the famous Sudbury Basin.

“Most Canadians don’t realize the Sudbury Basin is a global ‘metallic super power’ and that there are many incredibly rich mineral deposits still to be discovered here. This 120 year old mining camp will be producing nickel, copper and platinum for at least another century if not more,” he said.

With two operating mines on the north range of the Sudbury Basin, another mine ready for production in 2008 and two other promising deposits in the district, many have overlooked the phenomenal growth of FNX Mining.

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