Quadra FNX Mining Ltd was a

Vancouver, British Columbia Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

-based company that produced

copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish ...

nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow ...

platinum Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Pla ...

palladium Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself nam ...

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...

cobalt Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, ...

, and

molybdenum Molybdenum is a chemical element with the symbol Mo and atomic number 42 which is located in period 5 and group 6. The name is from Neo-Latin ''molybdaenum'', which is based on Ancient Greek ', meaning lead, since its ores were confused with le ...

with operations in

Nevada Nevada ( ; ) is a state in the Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the 7th-most extensive, ...

Arizona Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a U.S. state, state in the Southwestern United States. It is the list of U.S. states and territories by area, 6th largest and the list of U.S. states and territories by population, 14 ...

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the eas ...

Greenland Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland is ...

, and the

Sudbury Basin The Sudbury Basin (), also known as Sudbury Structure or the Sudbury Nickel Irruptive, is a major geological structure in Ontario, Canada. It is the third-largest known impact crater or astrobleme on Earth, as well as one of the oldest. The c ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tota ...

. 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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

raising approximately $145 million. Quadra used a portion of the proceeds of the offering to acquire the interest in the

Robinson Mine The Robinson Mine is a porphyry copper deposit located at Ruth, White Pine County, Nevada, in the Egan Range, west of Ely. The mine comprises three large open pits: Liberty, Tripp-Veteran and Ruth. The ore is extracted using conventional surface ...

located near

Ely, Nevada Ely (, ) is the largest city and county seat of White Pine County, Nevada, United States. Ely was founded as a stagecoach station along the Pony Express and Central Overland Route. In 1906 copper was discovered. Ely's mining boom came later than ...

FNX history

FNX Mining Company Inc. was incorporated in

Toronto, Ontario Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

on 26 June, 1984. A former

Inco Vale Canada Limited (formerly Vale Inco, CVRD Inco and Inco Limited; for corporate branding purposes simply known as "Vale" and pronounced in English) is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and ...

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

and

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

References

{{reflist

External links

Archived Quadra FNX Website
Companies formerly listed on the Toronto Stock Exchange Gold mining companies of Canada Nickel mining companies of Canada Copper mining companies of Canada