Falconbridge has hired Cementation Skanska to sink the No. 4 shaft at its Kidd Creek mine, near Timmins, Ont.
Kidd Creek is already North America’s deepest operating mine. The new shaft will extend more than 3 km below surface, making the mine deeper than any outside of South Africa.
The contract, worth $85 million, calls for the job to be completed in 2004.
Cementation Skanska completed a similar project at the South Deep Mine in South Africa.
Goldcorp has the best senior management communications among companies with a market capitalization of $1-10 billion, according to Investor Relations Magazine.
In addition to the award, Goldcorp received honourable mention in three categories: best investment community meetings, best use of technology, and best web site for investor relations.
Nominations were based on responses by more than 350 Canadian portfolio managers and analysts and about 600 retail investors.
The London-based magazine supports a series of annual investor relations awards in Canada, the U.S., U.K., Europe, Latin America, Australia and Asia.
Goldcorp’s Red Lake mine in northwestern Ontario is among the richest in the world. The company is based in Toronto.
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