Quadra FNX Mining Ltd. said this morning that it has entered into a definitive agreement with KGHM Polska Miedź S.A. under which the Polish company will acquire the Vancouver-based miner for about C$3.5 billion, a premium of more than 40% of Quadra FNX’s recent share price. Quadra FNX operates the Robinson copper/gold open-pit mine...
Quadra FNX Mining Ltd. has cut a deal with Xstrata Nickel to use Xstrata’s Craig mine shaft and related underground infrastructure to further develop and operate Quadra FNX’ Levack mine, including the Morrison deposit, in Sudbury Basin’s North Range in Ontario, it reported today. Quadra FNX said it expects that the use of Xstrata...
When a public company in the United States or Canada issues a press release, it has to include “forward-looking information” that takes into account all the things that have to come together before what it’s discussing in the release can happen. If that happens to be bringing a new mine on line, the number...
It hasn’t been too long that a company making copper for cash costs of $3 – $4 a pound was heading for insolvency. But Quadra FNX Mining Ltd. has leveraged three of these higher-cost producers into handsome cash flow, the acquisition of lower-cost mines and the hope for a major low-cost producer in the...
Quadra FNX Mining Ltd. has brought Sumitomo on as a 45% partner in what will be a world-class copper/molybdenum mine in Chile, it reported Monday. Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. will contribute the next $724 million to develop the $2.9 billion operation in the back yard of BHP Billiton’s giant Spence...
