Comment
Author: Admin | 2025-04-27
Vale Canada LimitedCompany typeWholly owned subsidiaryIndustryMiningFounded1902HeadquartersToronto, Ontario, CanadaProductsNickel, copper, cobalt, PGMsRevenue US$ 8.3 billion (2012)Net income US$ 3.8 Billion (2012)Number of employees12,000ParentValeSubsidiariesPT Vale Indonesia (34.1%)Websitenickel.vale.comVale Canada Limited (formerly Vale Inco, CVRD Inco and Inco Limited; for corporate branding purposes simply known as "Vale" and pronounced in English)[1] is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and metals division is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by CVRD (now Vale) in 2006, Inco was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928.Share of the International Nickel Company, issued 7 June 1916The company was founded following the discovery by blacksmith Tom Flanagan[2] in Copper Cliff, Ontario of chalcopyrite deposits, while the Canadian Pacific Railway was being built in 1883;[3] the township of Sudbury soon followed in 1884 when JL Morris, provincial land surveyor, laid it out.[4] Initially, ore was shipped for smelting to a plant in Constable Hook, New Jersey, owned by the Orford Copper Company. Processing revealed in 1884 that the ore was also rich in nickel and exploration tests revealed an enormous potential. In 1893 Robert M. Thompson patented the Orford "Tops and Bottoms" process; this was the first commercially viable method of separating (Fe,Ni)9S8 Pentlandite-borne Nickel
Add Comment