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On February 20, 2012 Quadra FNX Mining Ltd. security holders approved the plan of arrangement with KGHM Polska Miedź S.A. in which a subsidiary of KGHM is to acquire all of the issued and outstanding securities of Quadra FNX.

The plan of arrangement closed on March 5, 2012 and Quadra FNX now operates under the name KGHM International Ltd., a subsidiary of KGHM Polska Miedź S.A., and focuses on growth in copper and other metals.

KGHM International operates mines in Canada, the USA and Chile and is currently constructing the Sierra Gorda copper-molybdenum project in Chile and actively progressing the Victoria project, the newest discovery in Sudbury, Ontario, Canada.

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