Quadra FNX Mining Ltd is a Vancouver, British Columbia-based company that produces and explores for copper, nickel, platinum, palladium, gold, cobalt, and molybdenum with operations in Nevada, Arizona, Chile, Greenland, and the Sudbury Basin, Ontario, Canada.
On 23 March 2010, FNX announced that it would merge with 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, Quadra FNX Mining Ltd was acquired by KGHM Polska Miedz S.A.(World's 9th largest producer of copper) for a disclosed sum of $3.34372bn. With the commencement of the agreement, each shareholder of Quadra FNX Mining will receive a reported $15.00 for each commonly held share. Cash on hand was used to secure the purchase with hopes of an expedient return on investment; through current project in Arizona, Nevada, Chile and Ontario, Canada.
Famous quotes containing the word mining:
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)