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Industry Center - Copper
Industry Center > Copper > Adastra Minerals Inc. Company Profile
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Adastra Minerals Inc. Company Profile
Adastra Minerals is based in London, but has mining projects in development in Central Africa (Angola, Congo, and Zambia). The company owns exploration and mining concessions to diamond and mineral (including copper, cobalt, and zinc) properties. Upon acquiring the concessions, the company conducts feasibility studies to determine if reserves can be recovered profitably. First Quantum Minerals bought Adastra for $245 million in cash and stock in 2006; Adastra had rejected a counter offer from Mwana Africa. Founder Jean-Raymond Boulle and top UK insurer Prudential plc had owned 10% and 14% stakes in Adastra, respectively.
Contact Information
Address: St. Georges' House, 15 Hanover Sq.
London W1S 1HS, United Kingdom
Financial Highlights
Fiscal Year End:October
Key People
Chairman: Bernard Vavala
President, CEO, and Director: Timothy (Tim) Read
COO and Director: Bernard Pryor
Industry Information
Sector: Basic Materials
Industry: Copper
Top Competitors
Anglo American plc
De Beers Consolidated Mines Limited
Rio Tinto Group

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