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(AMM) Royal Nickel management will fare well with Inco ties

July 30, 2010 - 18:40 GMT Location: NEW YORK

KEYWORDS: Royal Nickel , Dumont Mine , Inco , Scott Hand

Royal Nickel Corp.'s ties with the former Inco Ltd. will help its quest to develop the Dumont nickel deposit in Quebec, market participants told AMM.

Royal Nickel chairman Scott Hand was chairman and chief executive officer of Inco when the company fought to buy Falconbridge Ltd., eventually losing out to Xstrata. He left Inco in January 2007 following its October 2006 purchase by Brazil's CVRD (now Vale) for $17.6 billion.

"(Hand) lends experience and credibility (to Royal Nickel)," a U.S.-based physical trader said. "He could have retired and played golf after leaving (Vale Inco), but he really does enjoy working in the industry."

Some in the Canadian industry still regret...

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