678:"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, as a strike at either company had a major effect on the livelihood of thousands of workers. The effect diminished as economic diversification progressed in the 1980s and 1990s.
37:
636:
announced that it increased its offer to acquire
Falconbridge to $ 59.00 CAD per share (an approximate total value of $ 22.5 billion CAD). This counter-offer was 9.6% higher than Inco's bid. The deadline for Xstrata's bid to be complete was 21 July 2006. Xstrata acquired and absorbed Falconbridge in
586:
In 1996, as part of a strategic initiative - growth study, internally commissioned during the struggle between INCO and
Falconbridge over acquiring Voisey Bay, a plan and proposal came forth for Falconbridge to abandon its attempt to acquire Voisey Bay and redirect its efforts and financial capacity
624:
made a bid for the proposed combined Inco/Falconbridge company, valued at around US$ 40 billion. This would have formed 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
590:
On 11 October 2005, Inco announced a proposal to acquire
Falconbridge for $ 12 billion. 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 of either company by cash-flushed foreign competitors. Additionally,
202:
made the original discovery of the
Falconbridge ore body, but remained undeveloped until Lindsley's purchase. Soon thereafter, planning and construction of a company town began, to house and service workers for the future mines. The community, complete with utilities and a medical centre, was named
681:
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 labour
252:, Dominican Republic. The site employed a novel reduction and smelting technique superior to the kiln process. To aid in community development, the Falcondo Foundation was established in 1989 and has been a pioneer in Natural Resource Corporate Social Responsibility.
865:
225:
The operations at the
Falconbridge site expanded in the early 1930s. 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
685:
A proposal to merge Inco and
Falconbridge in 2006 was headed with the slogan "Two proud histories, one great future", in reference to the strong identities which workers and the community had attached to the companies.
281:
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
211:
862:
256:
974:
278:
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.
632:
had announced a proposal to acquire
Falconbridge for $ 52.50 CAD per share. This was a cash offer, unlike the Inco offer of a combination of cash and shares. On 12 July 2006,
625:
corporate and copper division headquarters located in
Phoenix, Arizona and nickel division headquarters in Toronto, Ontario. The deadline for the Inco offer was 13 July 2006.
959:
136:
was a
Canadian mining company with operations in 18 countries, involved in the exploration, mining, processing, and marketing of metal and mineral products, including
587:
at acquiring INCO itself. The strategic plan was presented to and declined by Falconbridge majority owners at the time, Noranda (and their majority owner - Brascan).
241:. Meanwhile, the Nikkelverk operation began recovering cobalt alongside previous extractions in 1952, using a new refining process. In 1962, Falconbridge acquired
362:
350:
317:, previously the 58.4% owner, continuing under the name Falconbridge Limited. Noranda brought significant variety to the business, including operations in
827:
242:
219:
245:, including its numerous international operations and geological exploration infrastructure, allowing further expansion and growth outside of Canada.
191:
532:
274:. This commercially saleable chemical had been a source of significant ecological damage when it was produced in the atmosphere by the reaction of
994:
682:
unions, developed. In the 1950s and early 1960s, factional wars between the competing unions sometimes led to riots in the streets of Sudbury.
560:
346:
164:, which had formerly been a major shareholder. On 28 October 2007, Falconbridge Limited changed its name to the Xstrata Canada Corporation.
377:
342:
929:
944:
689:
A major street in Sudbury is named Falconbridge Road, after the company and community. In 2007, Xstrata donated Falconbridge's historic
989:
763:
521:
299:
237:
operations took place, including some twelve new mines. All recovered nickel, copper, and smaller amounts of other materials including
851:
984:
924:
207:
after the geographic township in which it was located. Likewise, the company became known as Falconbridge Nickel Mines Limited.
656:
Falconbridge lent its name to a company town northeast of Sudbury which grew to be a community in its own right. The town of
424:
954:
949:
979:
919:
840:
737:
660:
was incorporated by the provincial government in 1957. It was organized along with several other communities into the
894:
17:
969:
665:
267:
160:(FAL), and had revenue of US$ 6.9 billion in 2005. In August 2006, it was absorbed by Swiss-based mining company
711:
690:
168:
575:
564:
463:
455:, New Brunswick (Brunswick underground zinc/lead mine, lead smelter and lead refinery, and silver refinery).
792:
617:
per share, bringing the bid to $ 61.04 CAD per share (based on 23 June 2006 Inco/Phelps Dodge share price).
552:
915:
693:, its onetime head office, to the city of Greater Sudbury to serve as the new home of the city archives.
668:
in 1973; the regional municipality was in turn amalgamated into today's city of Greater Sudbury in 2001.
270:. As part of this, a new, more efficient smelter was opened, as well as a facility for the production of
171:, High Court Judge whose father John Kennedy Falconbridge, had migrated to Ontario from Lisburn Ireland.
595:, with both companies performing the same kind of extraction and smelting work on the same kind of ore.
302:. The new century saw more acquisitions, including the Montcalm mine in Timmins, the Kabanga project in
167:
Falconbridge, named after the town Falconbridge, which in turn was named for a prominent "son", one Sir
218:, Norway. This expanded its operations, but more importantly the company also gained the rights to the
361:
plant, and a technology centre. In 2005, Falconbridge had started the Deposit Definition phase of the
502:
540:
440:
314:
563:
open-pit copper mine (including liquid–liquid extraction plant and electrowinning plant), and the
452:
392:
287:
157:
672:
661:
657:
517:
204:
153:
638:
613:
On 13 May 2006, Inco announced that it increased its offer to acquire Falconbridge by $ 5.00
578:. The aircraft was repainted with Xstrata livery following the takeover, and still operates.
498:
471:
432:
404:
248:
In 1971 the Falconbridge Dominicana (Falcondo) mine and process plant commenced operation in
486:
475:
467:
198:
in the area northeast of Sudbury. These claims had been established as early as 1901, when
175:
298:
in northern Quebec, though Falconbridge lost the bidding war with Inco for the deposit at
8:
490:
902:
174:
Falconbridge was an important player in the economic and commercial development of the
637:
late August 2006, leaving Inco open to bids by Phelps Dodge and the Brazilian company
890:
757:
506:
294:, Ontario. Expansion continued in the 1990s, with a new mine in Sudbury, and one at
777:
964:
841:
http://www.cvrd.com.br/cvrd_us/cgi/cgilua.exe/sys/start.htm?infoid=1567&sid=373
675:, which was abandoned in the 1960s due to pollution from the Falconbridge smelter.
107:
869:
614:
598:
The two companies were set upon by hostile takeover bids from rival firms. Swiss
544:
373:
366:
179:
493:, Louisiana. The aluminum produced from these mills was prepared in one of four
275:
641:. Falconbridge became Xstrata Nickel, which continued to be based in Toronto.
938:
602:, already 19.9% owner of Falconbridge, bid for a complete acquisition, while
420:
358:
338:
271:
234:
199:
152:. In 1982 the company was renamed Falconbridge Limited. It was listed on the
591:
significant synergies would have been realized in the Sudbury operations in
741:
621:
603:
494:
381:
227:
215:
901:
Provides extensive coverage of the history of Falconbridge's now-defunct
448:
295:
195:
353:
underground copper/nickel mines, as well as a mill (Strathcona), nickel
571:
548:
607:
427:
underground nickel mine west of Timmins. Other sites were located in
388:
322:
283:
263:
238:
768:. See "About us", "History and Milestones" Retrieved 28 August 2006
645:
536:
459:
436:
354:
303:
149:
633:
629:
599:
513:
444:
416:
396:
334:
318:
291:
161:
96:
671:
Some Falconbridge workers also lived in the nearby community of
479:
428:
412:
400:
145:
141:
137:
36:
337:
takeover, Falconbridge had major operations in and around the
556:
525:
512:
Central American and Caribbean projects included the St. Ann
307:
266:, in the environmental reclamation efforts undertaken in the
249:
574:(registration C-FFAL). The aircraft is based in Toronto at
408:
233:
Through the 1950s and 1960s, significant expansion of the
210:
Just one year later in 1929, the new company acquired the
485:
Falconbridge Ltd. also operated an aluminium smelter in
975:
Non-renewable resource companies disestablished in 2006
458:
Copper and precious metal recycling facilities were at
262:
The late 1970s saw the company play a role, alongside
960:
Non-renewable resource companies established in 1928
403:/zinc mine, concentrator, copper smelter and copper
194:
purchased mining claims containing rich deposits of
190:In 1928, an experienced prospector and businessman
178:Canada, particularly the communities in and around
710:Staff, Canadian Mining Journal (28 October 2007).
778:http://www.xstratanickel.no/forsiden.asp?aid=9154
581:
936:
376:by Falconbridge, but rather at its Falconbridge
793:"Mining and Regulation: Voisey's Bay (BP-422E)"
555:plant, and electrowinning plant) in northern
451:underground nickel/copper mine and mill) and
524:nickel surface mine and processing plant in
372:Metal refining was no longer carried out in
651:
930:Xstrata Falconbridge acquisition documents
399:, Ontario which includes an underground
328:
889:. Sudbury, Ontario: Nickel Belt Rails.
567:copper smelter also in northern Chile.
423:plants. Falconbridge also operated the
212:Kristiansand Nikkelraffineringsverk A/S
14:
995:Canadian companies established in 1928
937:
884:
825:
821:
819:
817:
815:
813:
787:
785:
762:: CS1 maint: archived copy as title (
539:copper/zinc open-pit mine in northern
531:South American properties were mainly
489:, Missouri and an alumina refinery in
313:In June 2005 Falconbridge merged with
257:chlorine leach nickel refining process
712:"NAME CHANGE – Good-bye Falconbridge"
709:
828:"The great Canadian mining disaster"
826:McNish, Jacquie (24 November 2006).
810:
782:
648:completed the merger with Xstrata.
387:Another Canadian operation was the
255:In 1977, Falconbridge patented the
24:
945:Defunct mining companies of Canada
878:
259:that had been developed in-house.
35:
25:
1006:
990:2006 disestablishments in Ontario
909:
134:Falconbridge Nickel Mines Limited
666:Regional Municipality of Sudbury
885:Wilson, Dale (September 2001).
551:open-pit mine (including mill,
505:, North Carolina (1 mill); and
117:Copper, nickel, zinc, aluminium
985:1928 establishments in Ontario
856:
845:
834:
771:
729:
703:
582:Merger efforts and acquisition
306:, and the Lomas Bayas mine in
169:William Glenholme Falconbridge
156:(under the symbol FAL.LV) and
13:
1:
887:Sudbury Electrics and Diesels
696:
576:Pearson International Airport
7:
10:
1011:
955:Economy of Greater Sudbury
950:History of Greater Sudbury
570:Falconbridge also owned a
185:
176:northern region of Ontario
980:Metal companies of Canada
830:. The Globe and Mail Inc.
222:nickel refining process.
121:
113:
103:
91:
80:28 October 2007
76:
61:
53:
45:
34:
30:Falconbridge Nickel Mines
652:Social impact in Sudbury
610:set its sights on Inco.
553:liquid–liquid extraction
441:Salaberry-de-Valleyfield
435:: Horne copper smelter,
325:of electronic hardware.
99:in 2006, renamed in 2007
65:28 August 1928
970:Nickel mining companies
716:Canadian Mining Journal
501:, Tennessee (2 mills);
439:: CCR copper refinery,
393:Kidd Metallurgical Site
288:Kidd Metallurgical Site
925:Xstrata Nickel website
735:Flash presentation at
528:, Dominican Republic.
40:
662:Town of Nickel Centre
509:, Arkansas (1 mill).
443:: CEZ zinc refinery,
363:Nickel Rim South mine
329:Operations as of 2006
39:
868:8 April 2008 at the
744:on 2 September 2006
593:Project Pentlandite
333:At the time of the
123:Number of employees
31:
903:industrial railway
797:publications.gc.ca
520:, Jamaica and the
478:, California; and
228:sintering facility
41:
29:
620:On 26 June 2006,
230:began operation.
196:nickel-copper ore
131:
130:
18:Falconbridge Ltd.
16:(Redirected from
1002:
900:
872:
860:
854:
852:Heritage Museums
849:
843:
838:
832:
831:
823:
808:
807:
805:
803:
789:
780:
775:
769:
767:
761:
753:
751:
749:
740:. Archived from
733:
727:
726:
724:
722:
707:
628:On 18 May 2006,
466:, Rhode Island;
341:, including the
243:Ventures Limited
108:Toronto, Ontario
87:
85:
72:
70:
32:
28:
21:
1010:
1009:
1005:
1004:
1003:
1001:
1000:
999:
935:
934:
920:Xstrata archive
918:, now moved to
912:
897:
881:
879:Further reading
876:
875:
870:Wayback Machine
863:Council agendas
861:
857:
850:
846:
839:
835:
824:
811:
801:
799:
791:
790:
783:
776:
772:
755:
754:
747:
745:
738:"Archived copy"
736:
734:
730:
720:
718:
708:
704:
699:
691:Edison Building
654:
584:
533:copper deposits
464:East Providence
367:Sudbury Airport
351:Thayer Lindsley
331:
319:aluminum mining
192:Thayer Lindsley
188:
124:
83:
81:
68:
66:
23:
22:
15:
12:
11:
5:
1008:
998:
997:
992:
987:
982:
977:
972:
967:
962:
957:
952:
947:
933:
932:
927:
922:
911:
910:External links
908:
907:
906:
895:
880:
877:
874:
873:
855:
844:
833:
809:
781:
770:
728:
701:
700:
698:
695:
653:
650:
644:On 2 May 2013
583:
580:
572:Boeing 737-200
474:, California;
330:
327:
290:(Met Site) in
276:sulfur dioxide
268:Sudbury region
187:
184:
129:
128:
125:
122:
119:
118:
115:
111:
110:
105:
101:
100:
93:
89:
88:
78:
74:
73:
63:
59:
58:
55:
51:
50:
49:Public company
47:
43:
42:
9:
6:
4:
3:
2:
1007:
996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
971:
968:
966:
963:
961:
958:
956:
953:
951:
948:
946:
943:
942:
940:
931:
928:
926:
923:
921:
917:
916:Official site
914:
913:
904:
898:
896:0-920356-12-5
892:
888:
883:
882:
871:
867:
864:
859:
853:
848:
842:
837:
829:
822:
820:
818:
816:
814:
798:
794:
788:
786:
779:
774:
765:
759:
743:
739:
732:
717:
713:
706:
702:
694:
692:
687:
683:
679:
676:
674:
669:
667:
663:
659:
649:
647:
642:
640:
635:
631:
626:
623:
618:
616:
611:
609:
605:
601:
596:
594:
588:
579:
577:
573:
568:
566:
562:
558:
554:
550:
546:
542:
538:
534:
529:
527:
523:
519:
518:Discovery Bay
515:
510:
508:
504:
500:
496:
495:rolling mills
492:
488:
483:
481:
477:
473:
470:, Tennessee;
469:
465:
461:
456:
454:
450:
446:
442:
438:
434:
433:Rouyn-Noranda
430:
426:
422:
421:sulfuric acid
418:
414:
410:
406:
402:
398:
394:
390:
385:
383:
380:operation in
379:
375:
370:
368:
364:
360:
359:sulfuric acid
356:
352:
348:
344:
340:
339:Sudbury Basin
336:
326:
324:
320:
316:
311:
309:
305:
301:
297:
293:
289:
285:
279:
277:
273:
272:sulfuric acid
269:
265:
260:
258:
253:
251:
246:
244:
240:
236:
235:Sudbury Basin
231:
229:
223:
221:
217:
213:
208:
206:
201:
200:Thomas Edison
197:
193:
183:
181:
177:
172:
170:
165:
163:
159:
155:
151:
147:
143:
139:
135:
127:20,000 (2005)
126:
120:
116:
112:
109:
106:
102:
98:
94:
90:
79:
75:
64:
60:
56:
52:
48:
44:
38:
33:
27:
19:
886:
858:
847:
836:
800:. Retrieved
796:
773:
746:. Retrieved
742:the original
731:
719:. Retrieved
715:
705:
688:
684:
680:
677:
673:Happy Valley
670:
658:Falconbridge
655:
643:
627:
622:Phelps Dodge
619:
612:
604:Teck Cominco
597:
592:
589:
585:
569:
535:such as the
530:
511:
484:
482:, Malaysia.
457:
386:
382:Kristiansand
371:
332:
312:
300:Voisey's Bay
280:
261:
254:
247:
232:
224:
216:Kristiansand
214:refinery in
209:
205:Falconbridge
189:
173:
166:
133:
132:
104:Headquarters
95:Acquired by
46:Company type
26:
905:operations.
748:2 September
721:5 September
561:Lomas Bayas
497:located in
462:, Ontario;
431:, Ontario (
419:plant, and
939:Categories
697:References
549:molybdenum
545:Collahuasi
499:Huntingdon
487:New Madrid
378:Nikkelverk
239:platinides
84:2007-10-28
69:1928-08-28
608:Vancouver
565:Altonorte
503:Salisbury
472:Roseville
468:La Vergne
389:Kidd Mine
365:near the
323:recycling
284:Kidd Mine
220:Hybinette
866:Archived
758:cite web
646:Glencore
537:Antamina
522:Falcondo
516:mine in
491:Gramercy
476:San Jose
460:Brampton
453:Bathurst
437:Montreal
425:Montcalm
405:refinery
304:Tanzania
150:platinum
114:Products
54:Industry
965:Xstrata
802:28 June
634:Xstrata
630:Xstrata
600:Xstrata
547:copper/
514:bauxite
507:Newport
445:Nunavik
417:cadmium
415:plant,
411:plant,
397:Timmins
374:Sudbury
355:smelter
335:Xstrata
315:Noranda
292:Timmins
186:History
180:Sudbury
162:Xstrata
97:Xstrata
82: (
77:Defunct
67: (
62:Founded
893:
559:, the
543:, the
480:Penang
449:Raglan
429:Quebec
413:indium
401:copper
349:, and
347:Fraser
296:Raglan
148:, and
146:cobalt
142:copper
138:nickel
57:Mining
557:Chile
526:Bonao
343:Craig
308:Chile
250:Bonao
891:ISBN
804:2023
764:link
750:2006
723:2024
664:and
639:CVRD
541:Peru
409:zinc
391:and
321:and
286:and
264:Inco
158:NYSE
92:Fate
615:CAD
606:of
395:in
154:TSX
941::
812:^
795:.
784:^
760:}}
756:{{
714:.
447::
407:,
384:.
369:.
357:,
345:,
310:.
182:.
144:,
140:,
899:.
806:.
766:)
752:.
725:.
86:)
71:)
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
