BNET Industries
Last Fiscal Year Sales:$8.1B
- Public
- CA
Dow Jones Description
This falcon flies underground. Founded in 1922 and headquartered in Toronto, Canada, Falconbridge Limited (NYSE and Toronto: FAL ) is primarily a mining and mineral concern. The company produces zinc and nickel, as well as copper, primary and fabricated aluminum, cobalt, lead, molybdenum, silver, gold, and sulphuric acid. It has mines in Canada, Chile, Dominican Republic, and Jamaica. Copper and nickel operations account for over 75% of sales. The company has annual revenue of about $8.1 billion and employs about 14,500 people. In October 2005 the company acquired 1,060,000 units in the capital stock of Blackstone Ventures Inc. by non-brokered private placement, representing approximately 3.3% of the issued and outstanding common shares of Blackstone raising its stake in Blackstone to 16.5%.
President, Nickel
Joseph LaezzaNumber of Employees 14,500
Contact Information
181 Bay St Ste 200
181 Bay St Ste 200
BCE Pl
Toronto, Ontario M5J 2T3
(416) 982-7111
Peer Companies
NAICS Code Copper Ore and Nickel Ore Mining: 212234
Recent Events
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Northern Ontario city of Timmins to lose almost Xstrata 700 mining jobs
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Northern Ontario to lose 670 mining jobs due to poor market demand: Xstrata
News & Analysis
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falconbridge ltd. - All News and Analysis
Falconbridge Encourages Shareholders to Tender to Inco Offer
Falconbridge Limited (TSX: FAL)(NYSE: FAL) announced that it continues to encourage shareholders to tender their shares to the Inco offer expiring today, July 27, 2006 at midnight, Vancouver time. "Xstrata's announcement this morning concerning its intention to acquire another 5% of Falconbridge common shares on the market confirms what...
Falconbridge Reaffirms Support for Inco Offer
Falconbridge Limited (TSX: FAL)(NYSE: FAL) today announced that its Board of Directors has reaffirmed its unanimous support for the Inco offer of Cdn$18.50 cash per share and 0.55676 of an Inco share per Falconbridge share, assuming full pro-ration. Excluding the recently-announced special dividend of Cdn$0.75 per common share, the implied...
Falconbridge Responds to Revised Offers
Falconbridge Limited (TSX: FAL)(NYSE: FAL) is reviewing the details of Inco Limited's (TSX: N)(NYSE: N) announcement indicating that Inco intends to extend its offer to Falconbridge shareholders. The revised offer will expire on July 24, 2006. The Falconbridge Board of Directors, which is also currently reviewing the revised Xstrata...
Ontario Securities Commission Issues Order on Xstrata plc Application Concerning Falconbridge's Shareholder Rights Plan
Falconbridge Limited (TSX: FAL)(NYSE: FAL) today announced that the Ontario Securities Commission issued an order stating that the Falconbridge Shareholder Rights Plan will remain in place until the earlier of Xstrata plc obtaining a majority of the outstanding common shares of Falconbridge it does not already own or July 28,...
Falconbridge Limited: Superior Court Dismisses Xstrata Application
Falconbridge Limited (TSX: FAL)(NYSE: FAL) announced today that the Ontario Superior Court of Justice has dismissed an Application filed by Xstrata alleging violations to the Ontario Business Corporations Act ("OBCA") by Falconbridge. In its ruling, the Superior Court confirmed that Falconbridge had acted in accordance with the OBCA. As...
Ontario Securities Commission Hearing to be Held on Falconbridge Limited's Shareholder Rights Plan.
TORONTO, ONTARIO, Jun 6, 2006 CCNMatthews via COMTEX -- Falconbridge Limited (TSX:FAL.LV)(NYSE:FAL) today announced that the Ontario Securities Commission will conduct a hearing on June 27, 2006, relating to the application by Xstrata plc to terminate Falconbridge's shareholder rights plan. "Xstrata is asking...
Falconbridge Board of Directors Reaffirms Support for Inco Offer
Falconbridge Limited (TSX: FAL.LV) (NYSE: FAL) today announced that its Board of Directors has conducted its assessment of the offer by Xstrata plc ("Xstrata") to acquire the outstanding common shares of Falconbridge. The assessment was completed with the assistance of external legal and financial advisors and focused on both...
Inco and Falconbridge Identify US$550 Million in Synergies
Falconbridge Limited (TSX: FAL.LV)(NYSE: FAL) announced today that Inco Limited today has indicated that Inco and Falconbridge operations personnel have now jointly identified the potential to realize estimated average annual pre-tax operating and corporate synergies of approximately US$550 million, an increase of US$200 million from the estimated synergies at the...
Falconbridge Board of Directors Reaffirms Support for Inco Offer.
TORONTO, ONTARIO, May 31, 2006 CCNMatthews via COMTEX -- Falconbridge Limited (TSX:FAL.LV) (NYSE:FAL) today announced that its Board of Directors has conducted its assessment of the offer by Xstrata plc ("Xstrata") to acquire the outstanding common shares of Falconbridge. The assessment was completed...
Inco and Falconbridge Identify US$550 Million in Synergies.
TORONTO, ONTARIO, May 31, 2006 CCNMatthews via COMTEX -- Falconbridge Limited (TSX:FAL.LV)(NYSE:FAL) announced today that Inco Limited today has indicated that Inco and Falconbridge operations personnel have now jointly identified the potential to realize estimated average annual pre-tax operating and corporate synergies of approximately US$550...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Joseph Laezza | President, Nickel |
| Robert H. Sippel | President, Zinc |
| William Brooks | President, Aluminum |
| Peter G.J. Kukielski | COO & Executive Vice President |
| Steven Douglas | CFO & Executive Vice President |
| Andre Joron | Senior Vice President, HR |
| Brian E. Barr | Senior Vice President |
| Denis Couture | Senior Vice President |
| Ian W. Pearce | Senior Vice President |
| Jeffery A. Snow | General counsel & Senior Vice President |
| Katherine A. Rethy | Senior Vice President |
| Martin G.R. Schadey | Senior Vice President |
| Michael J. Agnew | Senior Vice President |
| Paul W.A. Severin | Senior Vice President |
| Edward H. Laks | Vice President |
| John M. Doyle | Vice President |
| Michael R. Frilegh | Vice President & Treasurer |
| Rick Burdett | Vice President, Info Services |
| Robert G. Telewiak | Vice President, Finance & Controller |
| V. Maureen Kempston Darkes | Group Vice President |
| Lauri Gregg | Director of Energy Management |
| Arriba STEVE DOUGLAS | |
| Elizabeth Creighton | Marketing Executive |
| Stephen K. Young | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| A.L. Flood | Board of Directors |
| Aaron W. Regent | Board of Directors |
| Alex G. Balogh | Board of Directors |
| Andre Berard | Board of Directors |
| CLAUDE FERRON | Board of Directors |
| David H. Race | Board of Directors |
| Derek G. Pannell | Board of Directors |
| Fernando Porcile | Board of Directors |
| G. Edmund King | Board of Directors |
| George E. Myhal | Board of Directors |
| J. Bruce Flatt | Board of Directors |
| J. Trevor Eyton | Board of Directors |
| Jack L. Cockwell | Board of Directors |
| James D. Wallace | Board of Directors |
| James W. McCutcheon | Board of Directors |
| Mary A. Mogford | Board of Directors |
| Neville W. Kirchmann | Board of Directors |
| Norman R. Gish | Board of Directors |
| Robert J. Harding | Board of Directors |
| V. Maureen Kempston Darkes | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | President, Nickel | Current |
| Falconbridge Limited | Board of Directors | Current |
| McGill University | Bachelor of Engineering degree in Metallurgy | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | President, Zinc | Current |
| Buybymail | Board of Directors | Current |
| Falconbridge Limited | Board of Directors | Current |
| University of Waterloo | Bachelor of Science degree, with honours in chemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Noranda Aluminum, Inc | President and Chief Executive Officer | Current |
| Falconbridge Limited | President, Aluminum | Current |
| Noranda Aluminum, Inc | Director and Chairman of the Board of Noranda Holdco | Current |
| Noranda Aluminum, Inc | Director | Former |
| The University of Tennessee | MBA | Former |
| Cleveland State University | BS In Business | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | COO & Executive Vice President | Current |
| Stanford University | Master's degree | Former |
| University of Rhode Island | Bachelor of Science degree | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | CFO & Executive Vice President | Current |
| Brookfield Properties Corporation | Chief Financial Officer | Former |
| Brookfield Properties Corporation | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | General counsel & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Senior Vice President | Current |
| Canadian Institute of Mining | Vice President | Current |
| Pdac, Inc. | Board of Directors | Current |
| Canadian Institute of Mining | Board of Directors | Current |
| Apgo | Board of Directors | Current |
| Laurentian University | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Vice President, Info Services | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Vice President, Finance & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Group Vice President | Current |
Lauri Gregg is Director of Energy Management for Falconbridge Limited.where he has worked since 1967. His responsibilities include the management of energy use and cost within the Canadian and international operations of the company. He has held various positions in engineering and operations management related to maintenance, and utilities. He has administered the procurement of electricity and natural gas, as well as implementation of energy management strategies. Mr. Gregg is the Past Chairman of the Association of Major Power Consumers of Ontario (AMPCO) and currently a director of the association. He is the Vice Chair of the Toronto Board of Trade Electricity Committee. He is Chairman of the Mining Association of Canada Energy Committee, and consequently a member of the Canadian Industry Program for Energy Conservation ( CIPEC ) Council. As such he has represented the mining industry in Climate Change negotiations with the Federal Government since 1999. Additionally, he is a director on the Board of Directors for the Industrial Gas Users Association ( IGUA ). He also is a member of the Ontario Mining Association Energy Committee. Mr. Gregg graduated from the University of Waterloo with a degree in Electrical Engineering. He is a member of the Professional Engineers of Ontario.
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Director of Energy Management | Current |
| Mineral Economics | Director of Energy Management for Falconbridge Limited | Current |
| University of Waterloo | Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Current | |
| Ernst & Young | Former | |
| Brookfield Properties Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Marketing Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Secretary | Current |
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Barrick Gold Corporation | President & Chief Executive Officer | Current |
| Brookfield Infrastructure L.P. | Co-Chief Executive Offier | Current |
| Brookfield Asset Management Inc. | CFO | Current |
| Brookfield Asset Management Inc. | Managing Partner & Head, Infrastructure Activities | Current |
| Falconbridge Limited | Board of Directors | Current |
| Noranda, Inc. | Chief Executive Officer | Former |
| Noranda, Inc. | President | Former |
| Brookfield Asset Management Inc. | Senior Vice President, Corp Development | Former |
| The University of Western Ontario | Bachelor of Arts degree | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Laurentian University | Bachelor of Engineering degree | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
Derek G. Pannell was appointed a director of Teck Cominco Limited in October 2006. He is a graduate of Imperial College in London, England (BSc. Eng.) and the Royal School of Mines, London, England (ARSM). Mr. Pannell was President and Chief Operating Officer of Noranda/Falconbridge from 2001 to October 2006 and Vice President, Operations of Compania Minera Antamina from 1999 2001. He is presently the Managing Partner of Brookfield Asset Management (asset management company), Chairman of Brookfield Infrastructure Partners and a director of Brookfield Infrastructure Partners, Agrium Inc. and Major Drilling Group International Inc. Mr. Pannell is also a professional engineer registered in Quebec and Peru. He is a resident of Bathurst, New Brunswick, Canada and is 62. Mr.
| Organization | Position | Status |
|---|---|---|
| Agrium Inc. | Managing Partner | Current |
| Brookfield Asset Management Inc. | Managing Partner | Current |
| Brookfield Infrastructure L.P. | Managing Partner of Brookfield Asset Management | Current |
| Royal School of Mines | Associate | Current |
| Inco Limited | Current | |
| Brookfield Infrastructure L.P. | Chairman | Current |
| Agrium Inc. | Chairman | Current |
| Agrium Inc. | Director | Current |
| The International Council | Board Member | Current |
| Cesl Engineering Services Ltd. | Director | Current |
| Canadian Opera Company | Board of Directors | Current |
| Teck Cominco Limited | Board of Directors | Current |
| Falconbridge Limited | Board of Directors | Current |
| Major Drilling Group International, Inc. | Director | Current |
| Noranda, Inc. | Chief Executive Officer | Former |
| Falconbridge Limited | Chief Executive Officer | Former |
| Noranda, Inc. | President | Former |
| Noranda, Inc. | Chief Operating Officer | Former |
| Imperial College London | Bachelor of Science degree | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Chariot Resources Limited | Director | Current |
| Falconbridge Limited | President | Former |
| BHP Billiton Limited | Vice President | Former |
| University of Chile | mineral engineer who | Former |
| Rio Algom Inc. | Former | |
| Cobre | Former | |
| Construction Co., Inc. | Former | |
| Columbia University | Master's degree | Former |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Falconbridge Limited | Board of Directors | Current |
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