From Surf Wiki (app.surf) — the open knowledge base

Quadra FNX Mining

Field	Value
name	Quadra FNX Mining Ltd
type	Public
traded_as
foundation	15 May, 2002
defunct	5 March, 2012
fate	Acquired by KGHM Polska Miedz S.A.
location_city	Vancouver, British Columbia
location_country	Canada
key_people	Paul Blythe
industry	Nickel-Copper Mines
num_employees	81 (2008)

Quadra FNX Mining Ltd was a Vancouver, British Columbia-based company that produced copper, nickel, platinum, palladium, gold, cobalt, and molybdenum with operations in Nevada, Arizona, Chile, Greenland, and the Sudbury Basin, Ontario, Canada.

Quadra FNX Mining was created by a merger of Quadra Mining Ltd. and FNX Mining Company Inc. in 2010. The company was taken over by KGHM Polska Miedz S.A. in 2012.

Quadra history

Quadra Resources Ltd. was incorporated in Vancouver, British Columbia on 15 May, 2002. The Company changed its name from Quadra Resources Ltd. to Quadra Mining Ltd. on 9 January, 2003.

On 8 April, 2004, Quadra Mining Ltd. completed an initial public offering raising approximately $145 million. Quadra used a portion of the proceeds of the offering to acquire the interest in the Robinson Mine located near Ely, Nevada.

FNX history

FNX Mining Company Inc. was incorporated in Toronto, Ontario on 26 June, 1984.

A former Inco geologist, Terry MacGibbon, took over the reins of FNX — then called Fort Knox Resources — in 1997 and renamed the company to FNX Mining Company Inc.

Merger and KGHM Takeover

On 23 March 2010, FNX Mining Company Inc. announced that it agreed to be acquired by Vancouver-based Quadra Mining, pending ratification by the shareholders of both companies. Quadra operates the Robinson and Carlota copper mines in the US, and the Franke copper mining in Chile.

On 6 December 2011, Polish miner, KGHM Polska Miedz S.A. (World's 9th largest producer of copper) has agreed to buy Quadra FNX Mining Ltd. for approximately C$2.9 bn. Each shareholder of Quadra FNX Mining received C$15.00 for each commonly held share. The internal funds of KGHM was used to secure the purchase with hopes of an expedient return on investment; through current project in Arizona, Nevada, Chile and Ontario, Canada.

The takeover of Quadra by KGHM was completed on 5 March, 2012.

References

"Company Profile for FNX Mining Company Inc (CA;FNX)".
"About Us". FNX Mining Company Inc..
"FNX Mining Co Inc". Bloomberg L.P.
(2010-04-20). "FNX goes global with Quadra, sees more growth". [[Reuters]].
(2010-03-23). "Quadra, FNX Mining to merge in C$1.54 billion deal". [[Reuters]].
"Quadra and FNX move toward merger", ''Engineering & Mining Journal'', April 2010, p. 6.
(2011-12-06). "Poland's KGHM to buy Quadra FNX for C$3 billion". [[Reuters]].
"Purchase of 100% of Quadra FNX shares". KGHM Polska Miedź S.A..

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-formerly-listed-on-the-toronto-stock-exchange gold-mining-companies-of-canada nickel-mining-companies-of-canada copper-mining-companies-of-canada

Want to explore this topic further?

Ask Mako anything about Quadra FNX Mining — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report