First Trust Mid Cap Core AlphaDEX Fund
FNX Mining Company hopes the effects of its projects pay off. The company produces metals from Canada's Sudbury Basin, primarily mining for nickel, copper, platinum, palladium, and gold. It owns the Sudbury Basin project; partner Vale Inco processes and sells the production from the property. In order to concentrate on developing Sudbury the company sold off its stake in an Alaska property, but still holds an option on a property in Guinea. In 2005 the company acquired Dynatec's interest in the Sudbury project (making it 100%-owned by FNX) and its 50% holding in Aurora Platinum. In return Dynatec received a 20% stake in FNX.
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