Inco Ships First Nickel Concentrate from Voisey Bay, 6 Months Ahead of Schedule

Inco Limited has achieved another major milestone at its Voisey’s Bay project in Labrador, Canada, with the first shipment of nickel concentrate on November 16, 2005, more than six months ahead of the original project schedule.

The concentrate is being shipped to Quebec City and from there will be sent to Sudbury by rail. Inco expects to produce first finished nickel from the Voisey’s Bay concentrate in the first quarter of 2006.

Production at Voisey’s Bay will ramp up over the coming months. The annual production capacity of Phase One of the Voisey’s Bay project is expected to be 110 million pounds of nickel in concentrate, containing 5 million pounds of cobalt and up to 15 million pounds of copper. Phase One of the project will also produce copper concentrate containing approximately 70 million pounds of copper in concentrate annually.