Vale Inco

Tony Clement, July 18. Sudbury is better off now than it was two and a half years ago when Vale Inco Ltd. bought the former Inco Ltd., says Canada’s Industry minister. If the Brazilian-owned Companhia Vale do Rio Doce hadn’t bought it, Inco would “not exist, it would have been closed down, it would have been liquidated if there wasn’t a buyer,” said Tony Clement in a telephone interview late Friday afternoon. “There was going to be no buyer, there were going to be no jobs, there weren’t going to be any capital investments, there was going to be no employer,” said Clement. “That was the Valley of Death that Sudbury faced.”