Agoracom: Small Cap Investment - Noront Resources - Re: FOR THOSE WHO ARE FOLLOWING VALE INCO STRIKE

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Sudbury Novice

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Re: FOR THOSE WHO ARE FOLLOWING VALE INCO STRIKE - SUDBURY

in response to

FOR THOSE WHO ARE FOLLOWING VALE INCO STRIKE - SUDBURY

noway

posted on Aug 21, 2009 09:46PM

Not trying to take sides here noway but need to correct one piece of info in your post.

Vale has not proposed to eliminate the nickel bonus.

The proposal is that the price at which it kicks in is higher meaning of course less nickel bonus.

The other main proposal is for a defined contribution pension for all new employees. Current employees continue with the defined benefit pension. In other words all future employees would contribute as well as the company.