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...But the west’s policy is incoherent....
...Here his career stumbled, partly because of financial problems caused by a hedging programme, and he eventually left for a lower-ranked role in Canada at nickel producer Inco....
...Mr Friedland played off two corporate suitors against one another to sell the mine for $3.2bn to the nickel giant Inco in 1996....
...Cost overruns on Inco projects were often huge, with the extra cash allegedly shared between corrupt beneficiaries....
...By the 1970s, several consortiums, including major mining companies such as Inco and Lockheed Martin, explored for mining sites in the Clarion-Clipperton Zone in the eastern Pacific, a 4.5m sq km area of...
...In one of Agnelli’s biggest deals, Vale bought Inco, the Canadian nickel producer, in 2006 for about $18bn....
...He left and took a lower-ranked role in Canada with Inco, a nickel miner....
...On Tuesday, Vale said it would consider floating part of its base metals business (much of it acquired in 2006 as part of Canada’s Inco), one of several asset sales aimed at raising up to $10bn next year...
...When he left Gwalia, it was for a lesser role at Inco, a Canadian nickel miner. Within 18 months Gwalia was in administration....
...His role as chief operating officer running the nickel unit for Vale’s CVRD Inco business gave him insight into base metals and a glimpse of how the Brazilians do business – something that could prove crucial...
...Before joining AngloGold, Mr Cutifani was chief operating officer at CVRD Inco, part of what is now Brazil’s Vale, and was responsible for its global nickel business....
...Mr Cutifani was previously chief operating officer at Vale’s CVRD Inco, running the nickel business, and has also worked in the Australian coal industry....
...Mr Lanzer points to problems faced by Vale, the Brazilian mining company, when it bought Canada’s Inco....
...He played a role in the last period of large-scale consolidation in the mining industry, advising Phelps Dodge on its $26bn merger with Freeport-McMoRan and Inco on its $19bn sale to Brazil’s Vale....
...For most of Brazil’s M&A bankers, the turning point came in 2006 when Vale, the mining company, acquired Inco, a Canadian nickel miner, for about $18bn....
...Mr Martins won the respect of many of his colleagues for his role in the acquisition of Toronto-based Inco, a large miner of nickel....
...The miners followed suit soon after: BHP merged with Billiton to create the world’s largest mining company by market capitalisation, Vale bought Inco of Canada, forming the second-largest mining group, and...
...Mr Ferreira started working for Vale as a consultant in the late 1970s and later took on several management roles before negotiating the company’s acquisition of Inco, the Canadian nickel miner, in 2006....
...Since then, 2010 only loses out to 2006, notable for Vale’s acquisition of Canadian Inco, and 2008, which saw a flurry of activity from companies such as Gerdau, JBS-Friboi, Marfrig, and Petrobras....
...In contrast, Mr Agnelli’s focus has often been outward; Vale bought nickel miner Inco in Canada and toyed with buying Swiss miner Xstrata....
...The 58-year-old Mr Ferreira headed Vale’s aluminium operations before leading its takeover of Canada’s Inco in 2006. He left Vale in 2008 to jointly found an investment company, Studio Investimentos....
...Vale, the Brazilian resources group, was locked in a year-long strike after it bought Inco, a big nickel producer....
...Although José Carlos Martins is considered more senior, Tito Botelho Martins has won the respect of many of his colleagues for his role in the acquisition of Toronto-based Inco, a large miner of nickel....
...Vale became the biggest mining company in Canada four years ago when it made its first major acquisition outside Brazil by buying Inco, the western world’s leading nickel miner....
...Recent casualties include Alcan, the aluminium group, acquired by Rio Tinto, and Inco and Falconbridge, two big nickel producers, now controlled by Vale and Xstrata, respectively....
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