In 2011, Don MacDonald, CFO of Quadra FNX Mining Ltd., played an instrumental role in negotiating a joint venture with Quadra FNX, Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. to develop the Sierra Gorda copper – molybdenum project in Chile.
During negotiations, MacDonald balanced the need for strong financial controls and discipline with the commercial realities for the parties on both sides of the deal, resulting in a fair and robust $764.2 miliion arrangement.
In the midst of negotiations with Sumitomo, MacDonald was also able to respond to a window of opportunity in the markets and led Quadra FNX and his finance team through the successful completion of a $500 million offering of senior secured notes.
Along with his effective financial leadership at Quadra, MacDonald uses his 25 years of experience in the mining industry to help advance the company’s business objectives. He learns the business outside of financial reporting by spending time with his fellow finance team members as well as the operational teams at Quadra FNX’s mine sites.
He leverages his extensive experience to provide insight into strategic decisions and articulate to his colleagues potential future results or effects of proposed actions.
Andrew McLeod, partner at Blake, Cassels & Graydon LLP, said “Don empowers his colleagues at Quadra FNX to implement major initiatives and follow through on decisions by communicating in terms that people can understand and relate to rather than in strictly technical terms.” •
