Samiksha Jaiswal (Editor)

Adastra Minerals

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Acquisition date
  
2006

Adastra Minerals Inc (formerly America Mineral Fields Inc), was a London-based mining company with notable operations in central Africa (Angola, Democratic Republic of Congo, and Zambia), particularly in copper, cobalt and zinc exploration. Adastra's properties and concessions were acquired in 2006 by First Quantum Minerals for $245m in cash and stock, outpacing a counter-offer by Mwana Africa plc. Founder Jean-Raymond Boulle and top UK insurer Prudential plc had owned 10% and 14% stakes in Adastra, respectively.

Notable personnel

  • Jean-Raymond Boulle, founder; owned 10% stake at time of acquisition by First Quantum.
  • Former United States President George H.W. Bush was until 2006 named a member of the international advisory board.

    • References

    Adastra Minerals Wikipedia
    (Text) CC BY-SA