Mining suspended Falconbridge

They're going to use the time to switch to coal burning plants (much more economical than the actual way). Also as they reported a new exploration will take place to prepare new extensions to the main operations there, this translates into that the new plants will be at least twice more powerful than the ones there now; the plan is to expand mining operations and lower costs of extraction by bulk.

Just a scheduled shifting already planned a good time ago and now put into motion as to get on top of the energy shock earlier than others. Did you know that in that particular mining operation Gold and silver are secondary to the nickel extraction???

I bet a deep and wider range of exploration will take place there soon...

PICHARDO said:

Just a scheduled shifting already planned a good time ago and now put into motion as to get on top of the energy shock earlier than others.

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Not even the best oil prognosticators knew that oil was going over $100.00 dollars. Did Falconbridge really foresee the use of coal burning plants? Come on man they are just reacting to the shock.

A.Hidalgo said:

Not even the best oil prognosticators knew that oil was going over $100.00 dollars. Did Falconbridge really foresee the use of coal burning plants? Come on man they are just reacting to the shock.

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Even before the price increase on the barrel of oil, coal is much, much more cheaper than oil based energy plants.

Also the mining operation was being studied for expansion given the recent preliminary studies made there. The FB had this halt planned a while ago...

To add a newer (and energy efficient) power plant and refit the operations to upgraded standards you must halt the operations or else face big problems!

No one said it was about foresight into the future but the actual use of outdated power plants versus newer more efficient ones indeed!

The output from the FB plant is pre-sold not put out to market! The supply was planned to be halted and you can search the data on that via the company press releases several months prior to the shock of oil prices going up to the last highest point. That's why I said the stoppage was planned and actually power upgrades to newer efficient ones was foresight from 81/2 months since the first press release from FB Dominicana to shareholders...

You can access the shareholders company's releases in their website (international hq).

PICHARDO said:

The supply was planned to be halted and you can search the data on that via the company press releases several months prior to the shock of oil prices going up to the last highest point. That's why I said the stoppage was planned and actually power upgrades to newer efficient ones was foresight from 81/2 months since the first press release from FB Dominicana to shareholders...

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1.Since you know were that info is could you be kind enough to give us the link to that web page.
2. What is 81/2 months.

I am willing to learn just as others. Gracias.