DMC Mining Services is a mining services contractor, otherwise known as a mining contractor. Its headquarters are currently based in Richmond Hill, Ontario & Salt Lake City, Utah.
The company began in 1980 as Dynatec Mining Limited. DMC Mining Services currently has three ownership assets in its portfolio: Ambatovy, FNX Interest, and Coal-Bed Methane. Dynatec Mining Limited began as a privately held mining services company that specialized in shaft sinking, mine construction and lateral and raise development. The company's principal founders were W. Robert Dengler, William M. Shaver, and Fred Edwards. Dynatec grew to become one of the major Canadian mine contracting firms providing services to the mining industry in Canada and abroad and was employed by many of the major mining companies.
Dynatec Mining Limited was acquired by the Metallurgical services division of Sherritt and spun out as a publicly traded company "Dynatec Corporation" on the TSX as a dividend in kind to Sherritt shareholders. The company's focus shifted to equity ownership of mining properties through the late 1990s until it was subsequently acquired in a friendly takeover offer by Sherritt during 2007.
In October 2007 Sherritt sold the mining services division of the former Dynatec Corporation to FNX Mining.
Famous quotes containing the words mining and/or services:
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)
“A good marriage ... is a sweet association in life: full of constancy, trust, and an infinite number of useful and solid services and mutual obligations.”
—Michel de Montaigne (1533–1592)