Inco cutbacks expected to stem the flow of rising costs.

• Position: Inco Ltd. - Mining Report

Inco Limited's third-quarter earnings nosedived to $4.5 million U.S., or three cents per common share, from $97 million U.S., or 92 cents per common share, in the third quarter of 1990.

The results, which included $18.8 million for the estimated costs associated with the voluntary early retirement incentive programs at the company's Sudbury operations, reflected a combination of weaker nickel markets and increased unit production costs at Inco's Canadian operations.

Production cutbacks announced by the company in September should reduce nickel production by...