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Dynatec Corporation Steady Following Last Weeks Release of Third Quarter Earnings.

Publication: M2 Presswire
Publication Date: 07-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-7 November 2006-TSX News: Dynatec Corporation Steady Following Last Weeks Release of Third Quarter Earnings(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:07112006

Dynatec Corporation (TSX.DY) is a growing mining company with extensive metallurgical and mining expertise. The Company has developed this expertise as a leading service provider to the global mining industry for over 25 years.

Dynatec is now focused on opportunities to own and operate mineral assets, involving nickel and other base and precious metals that draw on the Company's extensive metallurgical and mining capabilities. In addition, Dynatec is also pursuing production of natural gas. The Company currently has three principal growth assets in its portfolio.

The Ambatovy Nickel Project located in Madagascar has the potential to become one of the world's largest nickel operations with among the lowest unit operating costs in the industry and an expected project life of approximately 27 years. Annual production capacity is expected to total 60,000 tonnes of nickel and 5,600 tonnes of cobalt. The Company also owns 20.5 million common shares of FNX,...

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