FNX and Quadra Merges
FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company has completed its merging agreeemnt with Canadian base-metals miners Quadra Mining. The friendly merging of these two mining companies is expected to produce 300-million pounds of copper and 150 000 ounces of platinum-group metals in 2010.
Paul Blythe, CEO of Quadra is quoted saying:
“The new Quadra FNX creates an excellent platform for growth and positions us to be a leading consolidator in the midcap copper space.”
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Mon, May 24, 2010
Post by Mike Rodger, Nickel Reporter