Nickel miners approve contract

Article Abstract:

Bringing an end to a six and a half-month strike at Falconbridge Ltd's (Toronto, Canada) nickel mine in Sudbury, Canada, the Canadian Auto Workers union has approved a new contract offered by the company. As part of the $Can32-mil package, Falconbridge will provide a Can$2,000 signing bonus and payment of a pension of Can$3,000 a month after 30 years of service. Wages will be increased by 50 cents an hour to Can$23.70. According to a CAW spokesperson, the strike cost Falconbridge Can$55 mil.

Fracmaster founder wants his money

Article Abstract:

Calgary, Alberta-based Fracmaster Ltd.'s founder, Alfred Balm, seeks to secure the final C$281.4-million installment payment from the sale of his shares in the company. Balm clarified that he is not interested in assuming control of Fracmaster, an oil-field services firm. Balm's clarifications, in effect, disproved speculations that he will reassume control of Fracmaster instead of seeking the final installment payment of his share sale.

Comment:

Has its founder, Alfred Balm, seeking to secure the final C$281.4-mil installment payment from the sale of his shrs in the co

Use of Funds, Support Activities for Oil and Gas Operations, Alberta, Oil Field Production Services, Oil field services, Article, Fracmaster Ltd.

Canadian miners find it tough to unearth Russian wealth

Article Abstract:

The draw to Russia's rich mineral deposits for Canadian investors and the bureaucratic difficulties that they face when attempting to mine those deposits are discussed.

Canada, Foreign operations, Mining & Extractive Industries, Mining, Mining industry, Russia, Natural resources