This article was orginally published in Northern Ontario Business on April 23, 2010. Established in 1980, Northern Ontario Business provides Canadians and international investers with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North.
Copper production the focus of new company
Northern Ontario mining suppliers may be able to tap into global mining projects, including a $2-billion mine construction project in Chile, as a result of the recently announced merger between Sudbury miner FNX Mining Company Inc. and Vancouver-based Quadra Mining Inc.
“As part of the integration of the two companies, we’ll look at our purchasing systems and resource material and use our larger orders and larger demands in order to both save money and rationalize how we deal,” says Dave Constable, vice-president of investor relations with FNX.
“So I definitely think there will be opportunities for Sudbury suppliers, because they are global and already do supply to Chile. The new company will rationalize the purchasing systems and make opportunities available to suppliers for both companies to be competitive and bid on those things.”
Announced in late March, the merger of equals will create intermediate copper producer Quadra FNX, amalgamating FNX’s projects in the Sudbury Basin with Quadra’s projects in Nevada, Arizona and twin mining projects in Chile. Read the rest of this entry »
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