DMC Mining
Services
DMC was established in 1980 to meet the needs of Canadian and international mining companies in certain specialized areas. Today, its principal activities consist of contract mining, mine shaft sinking, lateral mine development, mine construction, civil underground construction and raise-boring and Alimak raising. These services are provided primarily in Canada (including the Canadian Arctic) and the United States, but DMC has also been active in Venezuela, Australia, Papua New Guinea, Ireland, Honduras, Mexico and Turkey.
DMC was critical to the development and operation of the Sudbury Basin Properties under the original 2002 Sudbury Joint Venture and continued to perform mine production, development and construction work for FNX pursuant to a mining services contract when the Sudbury Joint Venture was terminated.
DMC generated revenues of $53 million in 2009 ($133.1 million in 2008). As at December 31, 2009, DMC had a backlog of work to be completed totaling $26.9 million, all of which is expected to be completed in 2010. As part of the normal course of business, DMC regularly sources new clients and new contracts to replace expiring contracts and management continues to pursue new opportunities on an ongoing basis.