Interim CEO, Tracy Stevenson announced the launch of QUADREM at MINExpo in Las Vegas. The exchange serves the mining, minerals and metals industries.
Touted as a global buy side site, QUADREM offers common catalogues in multiple languages to meet the needs customer in over 100 countries.
Shortly after the sites launch, QUADREM announced the addition of its seventeenth founding partner, Imerys.
"We warmly welcome Imerys as a founding shareholder of QUADREM," explained interim CEO Tracy Stevenson. "I believe the involvement of an industrial minerals company like Imerys signals that we are making the connection with a wide range of companies in our industry. I look forward to more buyers and suppliers expressing a commitment to be part of this exciting new e-procurement marketplace."
The 17 founding shareholders of Quadrem are: Alcan Aluminium Limited, Alcoa Inc., Anglo American plc, Barrick Gold Corp, The Broken Hill Proprietary Company Limited (BHP), Corporacion Nacional del Cobre de Chile (CODELCO), Companhia Vale do Rio Doce (CVRD), De Beers Consolidated Mines Ltd., Imerys, Inco Limited, Morgan Stanley Dean Witter, Newmont Mining Corporation, Noranda Inc., Pechiney, Phelps Dodge Corporation, Rio Tinto, and WMC Limited.