Mining Services Business History

Dynatec Mining Limited was started in 1980 as a mining contractor. In 1987 they purchased the Tonto Group of companies to strengthen their presence in western Canada and added a Drilling division based in Salt Lake City, Utah. In 1997 Dynatec merged with Sherritt International Corporation's (TSX:S) Metallurgical Technologies business to create a new publicly traded company, Dynatec Corporation (TSX:DY). Dynatec Corporation operated three divisions, Mining Services, Drilling Services and Metallurgical Technologies. In 2001 Dynatec Corporation sold the Drilling Services division to Major Drilling Group International Inc. (TSX:MDI).

 

In June of 2007 Sherritt International Corporation (TSX:S) acquired Dynatec Corporation. In October of that same year Sherritt sold Dynatec Mining Services (Canada) and Dynatec Mining Services Corporation (USA) to FNX Mining Company Inc. (TSX:FNX). The purchase did not include the name "Dynatec" so we now conduct our business under the name DMC Mining Services (Canada) and DMC Mining Services Corporation (USA).

 

In 2010 FNX Mining Company Inc. and Quadra Mining Ltd. merged to create Quadra FNX Mining Ltd. (TSX:QUX). In 2012 KGHM Polska Miedz S.A. (WSE:KGH) purchased all of the outstanding shares of Quadra FNX Mining Ltd.

 

DMC Mining Services is a division of FNX Mining Company Inc. which is a wholly owned subsidiary of KGHM International.