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Falconbridge falters. (Mining Finance).(Falconbridge Ltd. financial results)(Brief...

Publication: Mining Journal
Date: Friday, October 19 2001

The impact of low metal prices and reduced production at certain operations has resulted in Toronto-based nickel producer Falconbridge Ltd reporting a C$23.9 million loss for the September 2001 quarter. Falconbridge president and chief executive officer Oyvind Hushovd described the loss for the quarter as "disappointing", and confirmed that the company would be suspending its Falcondo ferronickel operations in the Dominican Republic as announced earlier this year (MJ, August 31, p. 164). Mr Hushovd added "We are also reviewing our capital expenditure programmes and will use any op

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