Scott Hand
Scott Hand
north operations remain vital
Our North American operations remain a vital base,
asia china demand driver expect growing ideally key market meet nickel operations pacific remain rest
We expect China to remain a key driver of the nickel market and our Asia Pacific operations are ideally positioned to meet growing demand from China and the rest of Asia going forward.
anyone electricity knows operations run spent takes time
Anyone who has spent time in our Sudbury operations knows it takes a lot of electricity to run our mines, our mills, our smelters and our refineries.
build expand growing importance operations project recognizes
In particular, it recognizes the growing importance of our Asia-Pacific operations as we build the Goro project in New Caledonia, and expand our PT Inco operations in Indonesia.
fourth nickel prices quarter seen third
We have seen a downturn in nickel prices during the third quarter and into the fourth quarter,
face proper
Where Inco has operations, it has legacies, and we are going to have to face up to them in a proper and responsible way,
economy global improvement industrial line orders overall prices production risen steel strong
Stainless steel production, orders and prices have all risen strongly, in line with an overall improvement in the global economy and strong industrial production growth.
balance continue expected increase leading limited nickel supplies tight
We continue to see a limited increase in nickel production, leading to tight nickel supplies expected for the balance of 2006.
account incidents recent schedule second time
We'll come up with the schedule that will take into account these recent incidents . . . some time in the second half.
bringing canadian create excellent global great player together
We're bringing together two great companies, with excellent assets, to create a great Canadian player in the global markets.
dates decide depending looking response timing
Those are the two dates we are looking at right now and, depending upon what the response is from them, we would then decide what the timing would be for the offer.
exploring future interested
we are interested in exploring future opportunities in the region.
best estimated global great growth marketing perhaps
The new Inco will be stronger, larger, more diversified, with perhaps the best operations, best estimated reserves, the best growth projects, as well as a great global marketing position,
balance business combined company half metals percent precious profile third
The new company will have a have more diversified business profile with about half of the combined pro forma 2005 revenues from nickel, one third from copper, 10 percent from aluminum and the balance from zinc, precious metals and cobalt.