Monday, December 12, 2011

Polish Company's Buy Out Bid Includes Carlota

The Polish government-owned mining company KGHM has made a bid to buy out Quadra FNX, including the Carlota copper mine in Miami. The reported price is $2.84 billion.

Last month Quadra FNX announced it will “wind down” production at Carlota because of higher costs and lower ore grades than expected.

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