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(MERAF) for the Base Metals Smelting Sector - CCME

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The copper smelter uses pyrometallurgical processes to produce anode copper.<br />

HBM&S also produces secondary metals such as cadmium, gold, and silver<br />

contained in <strong>the</strong> anodes.<br />

2.6.4. Inco Limited<br />

Inco Limited 40 , a Canadian-based global company with operations and an<br />

extensive marketing network in over 40 countries, is one of <strong>the</strong> world's premier<br />

mining and metals companies and <strong>the</strong> world's second largest producer of nickel.<br />

Inco is also an important producer of copper, cobalt and precious and platinumgroup<br />

metals and a major producer of specialty nickel-based products.<br />

The Copper Cliff Operations, located in Sudbury, is 100 % Inco-owned and<br />

operates <strong>the</strong> largest fully-integrated mining, milling, smelting and refining<br />

complex in Canada - indeed one of <strong>the</strong> largest in <strong>the</strong> world. Sudbury is also <strong>the</strong><br />

birthplace of Inco, where <strong>the</strong> Company's operations began in 1902.<br />

The Manitoba Division located at Thompson, Manitoba, 100 % Inco-owned, is a<br />

fully-integrated nickel production complex with underground mining operations<br />

and high-capacity processing facilities which produces electrolytic nickel<br />

products.<br />

The Port Colborne Refinery, 100% Inco-owned, has been operated by Inco since<br />

1918. This operation, part of <strong>the</strong> Ontario Division, focuses on production of<br />

electrocobalt, <strong>the</strong> processing of precious metals, which are fur<strong>the</strong>r purified at<br />

o<strong>the</strong>r Inco operations and <strong>the</strong> packaging and distribution of finished nickel<br />

products to market.<br />

As of December 31, 2000, 21 607 shareholders held 182 million common shares.<br />

Inco Limited is publicly traded with its common shares listed on seven major<br />

stock exchanges around <strong>the</strong> world.<br />

2.6.4.1. Inco Limited, Thompson Division, Thompson, Manitoba<br />

The Inco operation at Thompson Manitoba is an integrated mining, milling,<br />

smelting and refining operation. It was officially opened in 1961. This operation<br />

processes ore to produce refined nickel with cobalt and an intermediate copper<br />

calcine as byproducts.<br />

2.6.4.2. Inco Limited, Sudbury/Copper Cliff Operations, Copper<br />

Cliff, Ontario<br />

The Inco facility at Sudbury, Ontario is an integrated mining, milling, smelting and<br />

refining operation. The primary products of <strong>the</strong> operation are nickel, copper and<br />

cobalt with a byproduct production of precious metals. The smelting process<br />

used until 1994 <strong>for</strong> nickel concentrate dated from <strong>the</strong> 1930s and used multi<br />

hearth roasters and reverbatory furnaces <strong>for</strong> smelting, Peirce-Smith converters to<br />

eliminate iron and <strong>the</strong> majority of <strong>the</strong> sulphur, and flotation and magnetic<br />

40 Inco. URL: http://www.incoltd.com/<br />

25

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