This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coeur D'Alene Mines Moving Headquarters To Chicago

CHICAGO (AP) â¿¿ Gold and silver producer Coeur d'Alene Mines Corp. will move its headquarters from Idaho to downtown Chicago this year and hire at least 60 employees, state and city officials announced Wednesday.

In a joint news release, Chicago Mayor Rahm Emanuel and Gov. Pat Quinn said they offered the Coeur d'Alene, Idaho-based company a package of income tax credits and other incentives to come to Chicago. They did not disclose how much the credits and incentives were worth.

Mitchell Krebs, Coeur's president and CEO, said in a statement that the move would give the company better access to its business partners and operations.

"Chicago is a global, pro-business city, an international transportation hub and provides access to a broad and deep talent pool," Krebs said. "We look forward to our active involvement in our new community and are proud to call Chicago our new home."

Coeur d'Alene Mines was incorporated in 1928. It operates silver and gold mines in Alaska, Nevada, Mexico, Bolivia, Argentina and Australia and employs about 2,000 people worldwide.

The company, which will change its name to Coeur Mining in May, plans to complete the move in the third quarter and hire at least 60 employees at its new headquarters by the end of 2014.

The state Department of Commerce and Economic Opportunity will administer the incentive package, which includes corporate income tax credits and job training funds.

"With our diverse economy, our pool of highly-skilled workers and our world-class transportation infrastructure, Illinois has what it takes for businesses to grow," Quinn said in a statement. "We welcome Coeur and look forward to bringing more global corporations to Illinois."
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs