Noranda owns around 60 percent of Falconbridge, the world's third-biggest nickel producer.

As of 2011, Australia was the world's fifth largest nickel producer.

Inco, the world's second-largest nickel producer, announced a $14 million second-quarter loss on Tuesday.

It owns 60 percent of Falconbridge, a leading nickel producer.

"Falconbridge is a top-notch nickel producer," a senior executive of a rival metals company said.

But the project's subsequent success - Anaconda is now one of the world's largest nickel producers - vindicated his faith in its viability.

This company is one of the largest nickel producers in the world.

For example, Inco, the giant nickel producer, jumped 1 5/8, to 18 1/16.

Inco, also based in Toronto, is the world's second-largest nickel producer.

The acquisition would make Falconbridge, which is based in Toronto, the world's largest nickel producer.