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The Kidd Metallurgical Site (or Met Site) is a metallurgical facility in Timmins, Ontario, Canada.It was built in 1980 and owned and operated by Xstrata Copper, following their 2006 takeover of Falconbridge Ltd. [1] [2] The site employs approximately 675 hourly employees.
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. [2] It was a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. [2]
The deadline for Xstrata's bid to be complete was 21 July 2006. Xstrata acquired and absorbed Falconbridge in late August 2006, leaving Inco open to bids by Phelps Dodge and the Brazilian company CVRD. [5] [6] Falconbridge became Xstrata Nickel, which continued to be based in Toronto. On 2 May 2013 Glencore completed the merger with Xstrata.
According to The Sunday Times, by 2006, Glencore controlled 40% of Xstrata stock and appointed Xstrata CEO, Mick Davis. [45] [47] In February 2012, Glencore International Plc, agreed to buy Xstrata Plc for £ 39.1 billion (US$62 billion) in shares. Glencore offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal".
Website: www.greatersudbury ... while Falconbridge was purchased by the Swiss company Xstrata, ... Mean monthly sunshine hours: 86.3 118.2 161.0 195.6 228.4 246.9 274 ...
Noranda had bought 19.9% of rival mining company Falconbridge in 1988, which was raised to a 58.4% stake in 2002. In 2005 China Minmetals was rumoured to be interested in buying Noranda, which caused the Canadian federal government to review its foreign investment policy.
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