MAC: Mines and Communities

Inco Ejected From The Financial Times

Published by MAC on 2006-05-29

Inco Update

29th May 2006

Earlier this year, the world's biggest nickel producer, Inco, was ejected from the Financial Times "ethically sound" list of companies (FTSE-4-Good) accused of "human rights violations". It's an accusation which won't come as a surprise to those living close to the company's Goro nickel project in New Caledonia, nor many residents near its Port Colbourne refinery in Canada.

However, as Inco and its compatriot, Falconbridge, try to stave off unwelcome bids from Xstrata and Teck Cominco, some Canadians are rallying behind the "Big Nickel".

Maybe this is partly a case of "the devils you know" being superior to those you don't?

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