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 acquired Dynatec Corporation. In October of that same year Sherritt sold Dynatec Mining Services (Canada) and Dynatec Mining Corporation (USA) to FNX Mining Company Inc. (TSX:FNX). The purchase did not include the name “Dynatec” however a right was included to use the name for one year and that right has since expired.
We now conduct our business under the name DMC Mining Services, a division of FNX Mining Company Inc. (in Canada) and DMC Mining Services Corporation (in the USA).