KGHM clears Canada's net benefit test for Quadra bid

Ottawa has given Polish copper miner KGHM’s acquisition of Vancouver-based Quadra Mining the nod, clearing the way for the deal to close in the first week of March. The target firm’s shareholders voted in favour of the C$3-billion bid last...

Franke mine, Chile

A copper mine situated in Chile

Quadra FNX agrees to C$3.5bn takeover from Polish firm

Toronto-quoted Quadra FNX has agreed to a C$3-billion takeover from Warsaw-listed KGHM Polska Miedz, or C$3.5-billion including gross debt, the Vancouver-based company said on Tuesday. The C$15.00-a-share cash offer represented a 41.3% premium to...

Sierra Gorda copper/molybdenum project, Chile

Sierra Gorda is the first big mining project in Chile to be approved under the new environment regulations.

Quadra FNX copper output rises, to restart Sudbury nickel-ore mining

Vancouver-based Quadra FNX Mining increased second-quarter copper production by 20% compared with the first three months of the year, and still expects to meet its full-year forecast of within 10% of 240-million pounds. Shares in the company rose...

Quadra FNX gets approval for Chile project

Quadra FNX Mining will start site preparation at its Sierra Gorda copper/molybdenum project in northern Chile, after receiving environmental-impact assessment approval, the company said on Wednesday. The firm has been placing orders for major...

Quadra FNX plans $500m notes sale to help fund Chile project

Canadian copper miner Quadra FNX Mining plans to sell $500-million of senior notes, to help fund its share of the Sierra Gorda copper/molybdenum project in Chile, the firm said on Monday. Shares in the company edged up 0.36% on Monday morning, to...

Quadra FNX rises on Sumitomo JV pact

Shares in Canadian copper miner Quadra FNX Mining rose 5,8% on Monday, after the company announced a day earlier it has signed up Japan's Sumitomo Metal Mining and Sumitomo Corp to help fund its big copper/molybdenum project in Chile. The two...

Quadra FNX hopes to finalise Sierra Gorda partner this quarter

Canadian copper miner Quadra FNX Mining is in the final stages of negotiations with a new partner for its Sierra Gorda copper/molybdenum project in Chile, and hopes to reach an agreement before mid year, CEO Paul Blythe said on Friday. The...

Quadra FNX earnings up on Gold Wheaton sale

Vancouver-based Quadra FNX Mining more than tripled first-quarter profit, the company reported on Friday morning, but adjusted earnings, which exclude unusual items, declined year-on-year. Earnings rose to $168-million from $55-million a year...

Quadra FNX may start development in 2012 at new Sudbury find

Vancouver-based copper miner Quadra FNX Mining could start developing its Victoria copper/nickel project in Sudbury as early as next year, executives from the company said on Tuesday. The company first announced a discovery on its Victoria...

Quadra FNX aims to start building Chile project in H2

Canadian base-metals producer Quadra FNX hopes to be ready to start construction on its Sierra Gorda copper/molybdenum project in the second half of this year, with first production targeted by 2014, CEO Paul Blythe said on Monday. Before...