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Inco under foreign ownership
One of Canada’s largest mining houses, Inco ltd, is now under foreign control with Companhia Vale do Rio Doce (CVRD) at the helm.
The purchase worth approximately (Cdn) $19 billion secured CVRD-Inco as the fifth largest nickel, copper, iron ore producer in the world.
“The price was extremely cheap considering the grade assets and the great people,” [...]
