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Hudson Bay Mining and Smelting Co.
From Wikipedia, the free encyclopedia
Hudson Bay Mining & Smelting Co., Limited (HBMS) has been exploring and mining in Manitoba for over 70 years. Much of their history has centered around Flin Flon, Manitoba.
The Flin Flon orebody was discovered by David Collins, a local trapper, and shown to Tom Creighton, a prospector, in 1914. The first claim was registered in 1915. It took more than a dozen years to bring the mine into production because the ore body was huge, of low grade, required lots of hydro energy, was isolated and needed a smelter.
In 1927, the Whitney family of New York created HBM&S, which took over controlling interest in the Flin Flon property. By 1930, the mine, smelter, hydroelectric dam and railroad were in full operation.
On December 21, 2004, HudBay Minerals Inc. (HudBay) acquired Hudson Bay Mining and Smelting Co., Limited (HBMS) for C$316 million from Anglo American plc. The purchase was financed by a public offering of C$143.8 million of equity and the issue of US$175 million of debt.
The corporate head office is in Winnipeg, Manitoba, Canada
Today the original 1930 Island Falls hydroelectric facility is owned and operated by SaskPower.
HBMS now operates three underground mines in the province of Manitoba. Trout Lake Mine and the more recent 777 Mine are located near Flin Flon and Chisel North Mine is located near Snow Lake. The two mines at Flin Flon produce zinc and copper along with smaller values of gold and silver. Chisel North Mine produces a high-grade zinc ore at a smaller production rate using a room and pillar method.
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