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Xstrata cutbacks create uncertainty: with almost 700 jobs lost and two mine closures, Sudbury businesses are bracing for impact.

Publication: Northern Ontario Business
Publication Date: 01-MAR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Xstrata cutbacks create uncertainty: with almost 700 jobs lost and two mine closures, Sudbury businesses are bracing for impact.(Xstrata PLC)

Article Excerpt
It is hard to say what kind of impact two mine closures and 686 job cuts at Xstrata Nickel will have on the mining service and supply industry in Sudbury, says the head of its association.

"We will certainly have two less opportunities," says Dick DeStefano executive director of Sudbury Area Mining Service and Supply Association (SAMSSA).

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Despite Xstrata Nickel cancelling supply orders, his membership will not speak out and rock the boat, realizing opportunities lay ahead with the new Nickel Rim Mine coming into production this year.

Xstrata's flagship $1 billion Nickel Rim South project will ramp to 60 per cent of its expected 1.25 million tonneper-year production capacity this year.

"Yes, we will likely see a reduction in volume and productivity," says DeStefano, but Xstrata Nickel is a separate company from Xstrata Copper or Xstrata Zinc. Business activity in one may not be the same as business in the other, not like Vale Inco where all the mineral divisions are under one roof.

Fred Castron, founder of Cast Resource Equipment Ltd. has had little business dealings with Xstrata Nickel, but Vale Inco has become a significant contract.

The...

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