The Big ScoreVoisey's Bay is the site of a massive nickel deposit whose vast potential has riveted the attention of the international business world. The discovery of the deposit in Labrador, the struggles for controlling interest in it, and especially the extraordinary players involved drive this amazing business story, which often reads like a suspense novel. At the centre is Robert Friedland, an ex-hippie and disgraced Vancouver stock promoter, who by sheer luck ended up holding all the cards in a high-stakes poker game that pitted some of the world's most powerful and conservative mining companies against each other. When news of the Voisey's Bay motherlode began to circulate, nickel giants such as Inco and Falconbridge were swept up in the excitement, competing in a series of takeover bids for control of Diamond Fields, the company that controlled the find. It all culminated in Inco's winning $4.3-billion offer, the largest takeover price ever paid for mining property. But was the deal one of the riskiest gambles in business history? From Namibia and Singapore to the boardrooms of Toronto and Vancouver," The Big Score uncovers the big money deals, the power struggles, and the hype in an immaculately researched and compelling drama of international intrigue. |
From inside the book
Results 1-3 of 16
Page 136
... nickel business had rotted . By 1980 , its production costs were among the highest in the industry and its market share had slipped to about 30 per cent . Inco had already lost its historic control of nickel prices in 1979 , when the ...
... nickel business had rotted . By 1980 , its production costs were among the highest in the industry and its market share had slipped to about 30 per cent . Inco had already lost its historic control of nickel prices in 1979 , when the ...
Page 322
... nickel - alloyed stainless steel . Meanwhile , Russia , no doubt sensing the vulnerability of Norilsk's largest competitor , flooded the market with stainless steel scrap metal . As nickel prices fell , so did Inco's stock price . The ...
... nickel - alloyed stainless steel . Meanwhile , Russia , no doubt sensing the vulnerability of Norilsk's largest competitor , flooded the market with stainless steel scrap metal . As nickel prices fell , so did Inco's stock price . The ...
Page 323
... nickel prices tumbled . As Sopko struggled to keep Inco's head above water , it seemed everything that could go wrong did . Asia's economic flu turned critical in 1998 , sending the economies of Japan and other Eastern nations into ...
... nickel prices tumbled . As Sopko struggled to keep Inco's head above water , it seemed everything that could go wrong did . Asia's economic flu turned critical in 1998 , sending the economies of Japan and other Eastern nations into ...
Other editions - View all
Common terms and phrases
acquire advisers agreed agreement Albert Chislett Archean Ashini assays began biggest Boulle's Bre-X called camp Canadian cent chairman Chislett and Verbiski Chris Verbiski claims company's copper core crew Davis Inlet deposit Diamond Fields directors discovery drill hole drill results earlier exploration Falconbridge February Feiner Galactic Garnett geologist Globe and Mail going gold gossan helicopter Huberman Inco Inco's Inco's board Innu investment investors Jean-Raymond Boulle John's junior mining Keevil Kerr knew Labrador land later lawyer Lindsay looked Marathon massive sulphides McDougall McMurrough meeting Mercaldo metres Mike Sopko million mineral mining companies months Nain negotiations Newfoundland nickel nickel prices offer penny-stock pentlandite Pickard play potential promoter prospectors Richard Garnett Robert Friedland rock selling share shareholders Sopko stake stock price Sudbury Summitville takeover talks Teck Teck's told Toronto Vancouver Vengold venture vice president Voisey's Bay wanted week