CANADIAN NICKEL

Greymouth Evening Star, 13 December 1933, Page 11

CANADIAN NICKEL

WORLD’S GREAT STOREHOUSE Fifty years ago when the Canadian Pacific Railway was being constructed across Canada, ore was uncovered near Sudbury, which laid the foundations of the nickel-copper industry in Canada and made 'the fortune oi> Northern Ontario. This year the industry celebrated its golden jubilee A few figures are impressive. The total value of nickel and copper produced by the mines of the Sudbury district is about 500,000,000 dollars,! out of which 145,000,000 dollars has; been paid’ to stockholders in dividends ; and the remainder has gone in labour, j materials and services. More than . 30.000,000 tons of ore have been raised | and smelted. Ore reserves are estimated conservatively at 500,000,000 tons, containing sufficient metal to supply the world’s requirements of nickel and about 5 per cent, of its probable requirements in copper for the next century. ~ , Last year the world used 57,000,000 pounds of nickel, and Northern Ontario supplied 90 per cent, of it. In this area of 1000 square miles is contained the greatest deposit of nickel known to exist in the world. Research is continually finding new uses for nickel—and new assurance of Northern Ontario’s continued’ production of it. So completely has it been adapted by industry that to-day the annual consumption is 20,000 tons greater than at the peak of war-time demand.