Falconbridge Ltd of Canada has decided to cease further involvement in the lateritic nickel scheme on Gag Island.

Falconbridge Ltd of Canada has decided to cease further involvement in the lateritic nickel scheme on Gag Island, Indonesia, owing mainly to a lack of resolution of the Indonesian forestry issue. Falconbridge joined the risk nearly two years ago, with an agreement to earn 375% from the 75% interest held at BHP Ltd (now BHP Billiton) by means of investing US$75 million in the frame (MJ, July 14, 2000, p17) Following Falconbridge's decision,