Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
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Re: Bartolucci asks mediator to call both sides back to negotiating table
Noront Resources
over 14 years ago
6
in response to obg's message

OBG wrote:

Maybe if Vale gets to depress wages at will they will be happy...not likely since then they will want even more concessions.

Just to clarify the issues in this dispute, it is not about wages. The issues are as follows:

1. Pensions....all new future employees would be on the defined contribution plan vs the defined benefit plan. Current employees have the choice.

2. Nickel Bonus...the company wants a higher entry point based on the price of nickel. This is because their costs have gone up.

3. Seniority for job postings...transfers would be limited to once every 3 years.

Wage rates remain unchanged.

Happy New Year everyone.

SN

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