Falconbridge Limited Acquisition Act

An Act respecting the acquisition of Falconbridge Limited by Xstrata PLC

This bill was last introduced in the 40th Parliament, 3rd Session, which ended in March 2011.

This bill was previously introduced in the 40th Parliament, 2nd Session.

Sponsor

Claude Gravelle  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of Dec. 7, 2009
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment requires the Government of Canada to publish in the Canada Gazette
(a) all written undertakings given to Her Majesty in right of Canada under the Investment Canada Act in respect of the acquisition of Falconbridge Limited by Xstrata PLC in 2006; and
(b) all demands made by the Minister of Industry in respect of those undertakings.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Investment Canada ActPetitionsRoutine Proceedings

April 16th, 2010 / 12:05 p.m.
See context

NDP

Claude Gravelle NDP Nickel Belt, ON

Mr. Speaker, I have a petition signed by dozens of people from the riding of Nickel Belt.

The petition states that when Canadian-owned Inco was acquired by Vale S.A. in 2006, the company made undertakings to the Government of Canada. When Canadian-owned Falconbridge was acquired by Xstrata, it also committed to undertakings with the Government of Canada. Industry Canada, Vale S.A. and Xstrata have refused to make these specific undertakings public.

Therefore, the petitioners request that the Minister of Industry and the House of Commons amend section 36 of the Investment Canada Act in order to make the details of undertakings made by foreign companies during Canadian acquisitions public. They further request that the Minister of Industry make the undertakings made during the acquisition of Inco and Falconbridge public. They support Bill C-488, Bill C-489 and Bill C-490.

Foreign TakeoversPetitionsRoutine Proceedings

April 12th, 2010 / 3:10 p.m.
See context

NDP

Claude Gravelle NDP Nickel Belt, ON

Mr. Speaker, I too have petitions from dozens and dozens of citizens from Nickel Belt who are concerned about what is happening in my community. They are presently being held hostage by a company called Vale Inco, a company that was allowed by the government to purchase our natural resources, resources that belong to Canadians. This company has tried to bring a third world mentality to Canada.

The petitioners request that the Minister of Industry and the House of Commons amend section 36 of the Investment Canada Act in order to make details of undertakings made by foreign companies during trial acquisitions public.

They further request that the Minister of Industry make the undertakings made during the acquisition of Inco and Falconbridge public. They support Bill C-488, Bill C-489 and Bill C-490.

Foreign InvestmentPetitionsRoutine Proceedings

March 25th, 2010 / 10:10 a.m.
See context

NDP

Claude Gravelle NDP Nickel Belt, ON

Mr. Speaker, it is my pleasure to rise today to present this petition from dozens of constituents. The petitioners request the Minister of Industry and the House of Commons to amend section 36 of the Investment Canada Act, in order to make public the details of undertakings made by foreign companies during Canadian acquisitions. They further request that the Minister of Industry make public the undertakings made during the acquisition of Inco and Falconbridge. They support Bill C-488, Bill C-489 and Bill C-490.

A couple of companies in my riding have been taken over by a foreign company, Vale from Brazil. It has been a net drain on my community. These petitioners want this to stop in the future.

Falconbridge Limited Acquisition ActRoutine Proceedings

December 7th, 2009 / 3:10 p.m.
See context

NDP

Claude Gravelle NDP Nickel Belt, ON

moved for leave to introduce Bill C-490, An Act respecting the acquisition of Falconbridge Limited by Xstrata PLC.

Mr. Speaker, it is my pleasure to introduce a private member's bill respecting the acquisition of Falconbridge by Xstrata PLC.

Xstrata acquired Canadian mining company Falconbridge in July 2006. At the time, Xstrata promised Industry Canada that it would not lay off any Canadian workers for three years, but that did not prevent it from firing 686 employees. In the House of Commons, I asked the Minister of Industry to make the agreements in question public, and I also asked the government under the Access to Information Act, but have so far received no response.

I am therefore introducing this bill to publish the details of the agreement signed with Xstrata and all correspondence exchanged between the minister and the company about enforcement of that agreement.

(Motions deemed adopted, bill read the first time and printed)