Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: NICKEL CUTS Vale Inco

These reductions include 261 staff jobs in Sudbury so far. The contract expires in May so it is likely that they will be very tough negotiations and possibly a strike.

This brings to 3450 the number of mining related job cuts in Sudbury since last fall.

There is rampant speculation of a shutdown and hourly rate layoffs to follow at Vale Inco.

SN

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