In its press statement received here on Saturday the company said Tony Wenas`s resignation had been made known to employees.
"To assure smooth transition a replacement has already been made available who would later be proposed to shareholders in a general shareholders meeting in September," it said.
It said Tony Wenas would continue to help the company after his resignation.
It said the company would remain with its commitment to carrying out its initiatives and plans to achieve an annual production capacity of 120,000 metric tons soon.
The majority of INCO shares is held by Vale Canada Ltd. reaching 58.73 percent.
Vale Canada Ltd. is one of the companies of Vale SA`s Base Metals (Vale Canada), which was initially named Vale Inco Limited.
The rest of the shares is held by Sumitomo Metal Mining Co.Ltd. (20.09 percent) and the public and other holders (21.18 percent).
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Editor: Bambang
Copyright © ANTARA 2011
