.]]
in
Sudbury, Ontario is the tallest freestanding
Chimney in the Western hemisphere.]]
is a
Canadian Mining and
Metal s company, headquartered in
Toronto, Ontario . It is the world's second largest producer of
Nickel , and the third largest mining company outside
South Africa and
Russia of
Platinum-group metals. A charter member of the newly expanded 30-stock
Dow Jones Industrial Average (
October 1 ,
1928 ), Inco was replaced by
Boeing in
1987 .
The International Nickel Company was founded in
New Jersey ,
USA , in
1902 through the merger of
Canadian Copper , the
Orford Copper Company , the
Société Minière Caledonienne , and others. Control was transferred to the International Nickel Company of Canada, Ltd., upon its founding in
1916 . The International Nickel Company of Canada, Ltd., first began using the trade name Inco in
1919 .
Inco began with the Canadian Copper Company following the discovery of copper deposits in
Sudbury, Ontario . Initially, ore was shipped for smelting to a plant in
Constable Hook, New Jersey owned by the Orford Copper Company. Processing soon revealed that the ore was also rich in nickel and exploration tests revealed an enormous potential. In 1902 the International Nickel created as a joint venture between Canadian Copper and Orford Copper. In 1916, the International Nickel Company of Canada was incorporated as the operating company in
Copper Cliff near Sudbury, and in 1918 the company built a new refinery in
Port Colborne, Ontario .
In 1929 the corporation underwent a major expansion by absorbing the
British owned Mond Nickel Co. Head office was established in
Toronto, Ontario
In 1972 the
Inco Superstack was built in
Sudbury .
In 1976, the company’s name was officially changed to Inco Limited.
Currently, Inco has operations in twenty countries around the world including the Goro Nickel project area in
New Caledonia and the
Voisey's Bay nickel-copper-cobalt deposits in
Labrador .
In order to generate cash Inco sold its manufacturing sites of nickel alloys to
Special Metals Corporation in 1998. Special Metals Corporation however filed
Chapter 11 in March 2002.
In addition to nickel, Inco produces
Copper ,
Cobalt ,
Platinum ,
Palladium ,
Rhodium ,
Ruthenium ,
Iridium ,
Gold , and
Silver .
On
October 11 ,
2005 , Inco announced a proposal to buy out the operations of longtime rival
Falconbridge for $12 billion. If approved, the deal would make Inco the world's largest producer of nickel.
