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Inco Limited - Specimen Stock Certificate - Specimen Stocks & Bonds For Sale
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Inco Limited - Specimen Stock Certificate - Specimen Stocks & Bonds:
$49.00
Specimen Stock printed by American Bank Note Company. Inco Limited was a Canadian mining company and the worlds leading producer of nickel for much of the 20th century. In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. Inco Limited was a Canadian mining company and the worlds leading producer of nickel for much of the 20th century. In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vales base metal mining operations worldwide. Inco grew out of the nickel mines in Sudbury, Ontario, which remains one of Vales largest mining projects worldwide. The extraordinary base metal deposits there \" the product of a prehistoric meteorite collision \" were discovered in the 1880s and extracted in modest quantities throughout the 1890s. The Canadian Copper Company, working in partnership with the New Jersey-based Orford copper refinery, rapidly established a monopoly on Sudburys mineral deposits. In 1902, with the financial backing of American banker J. P. Morgan and Charles Schwab of Carnegie Steel, the Canadian Copper Company and Orford merged to create the International Nickel Company, later renamed Inco. In 1916, when Canada was deeply engaged in the First World War (and the United States was not) the company was accused of selling its Canadian-sourced metals to Germany. In response, the Governor General issued an order-in-council banning any nickel exports outside of the British Empire. Consequently, that year Inco formed a Toronto-based Canadian subsidiary, the International Nickel Company of Canada. Because the company could no longer export the raw material to New Jersey for refining, it opened a refinery in Port Colborne \" a town on Lake Erie, approximately 30 km southwest of Niagara Falls. The company was restructured in 1928, when the Canadian subsidiary became the parent company through an exchange of shares, and additionally acquired its primary competitor, a British firm active in the Sudbury basin called the Mond Nickel Company. Throughout the Second World War, its operations expanded rapidly as it produced hundreds of thousands of metric tonnes of nickel and copper. By 1950, Inco controlled almost 90 per cent of world nickel production outside the communist states. In the subsequent decades, the company retained its leading position in the nickel market, in addition to its significant market shares in copper, precious metals and cobalt. Through its subsidiaries Inco Alloys International and Inco Engineered Products Limited, Inco additionally became the worlds largest supplier of wrought nickel alloys and a leading manufacturer of specialized forged components made from alloy materials. In Canada, it expanded its mining operations by opening nickel mines in Thompson, Manitoba, in 1961, and at Voiseys Bay, Labrador, in 2005. Beginning in the 1960s, the company aggressively expanded its international presence, and by the time of the Vale acquisition in 2006, Inco held operations in Indonesia, the United Kingd Item ordered may not be exact piece shown. All original and authentic.
Inco Limited - Specimen Stock Certificate - Specimen Stocks & Bonds $49.00
Inco Limited $10,000 Bond - Specimen Stocks & Bonds $49.00
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