The president of Falconbridge will be the guest speaker at the Sept. 22 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum.
Frank Pickard will speak on “the new Falconbridge,” the company having recently regained its stock market listing after a period of private ownership.
Named to his current position in 1991, Pickard is a graduate of Queen’s University, where he obtained his BSc in metallurgical engineering. He began his career in 1957 at Falconbridge’s Sudbury, Ont., operations as a process laborer, and later worked as an experimental engineer and as a metallurgist. In 1975, he was appointed the company’s chief metallurgical engineer. Falconbridge, which in addition to its Sudbury nickel operations owns the Kidd Creek complex in Timmins, Ont., and is active internationally, recently completed the largest initial public offering of shares — worth $1.3 billion — in Canadian business history. The money is being used to reduce debt and fund the company’s aggressive growth strategy.
The largest shareholder of Falconbridge, currently considered the lowest-cost nickel producer in the Western world, is Noranda.
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