Friday, May 3, 2013

Coeur d' Alene Mining moving to Chicago,to change name.

After much speculation it has been confirmed that the large Coeur d' Alene based, Coeur d' Alene Mines Corp. will move it's headquarters and all operations out of the city later this year. Coeur d' Alene Mines, which has had it's home offices in the North Idaho city since 1985 and a local history that goes back many years before 1985, will close up shop in Coeur d' Alene  in September 2013.

The company will relocate it's headquarters to a yet to be named location in Chicago. Along with the companies move out of Coeur d' Alene the company will change it's name to Coeur Mining. The name change is expected to take place in mid-may following to companies annual meeting.

Locally Coeur d' Alene Mines employs 65 in it's headquarters which are located on Front St facing McEuen Park in Downtown Coeur d' Alene. All of the companies headquarters employees we're offered jobs at the new offices in Chicago, of which only 20 accepted meaning the company will lay off the remaining 45 once the move occurs and re-hire in Chicago.

Coeur d' Alene Mines has no plans as of yet as to what it will do with it's 4 story lakefront view office building.

Coeur d' Alene Mines Corp. is a international mining operation with mines and active mining exploration in both the United States and several other nations around the world, world-wide Coeur d' Alene employs over 2000 . The company says their reasoning behind the move to Chicago is Chicago is a more pro-business city, an international shipping hub and it will allow the company better access to it's mines and key shareholders. Although speculation and rumors on the streets from residents of Coeur d' Alene point to the companies CEO, Mitchell J. Krebs is a native of Chicago and may have planned this move to his home town earlier in his career with Coeur d' Alene. This however cannot be confirmed.

For more info on Coeur d' Alene Mines (soon to be called Coeur Mining) visit their web site at-

www.coeur.com

And for the prior Inland Northwest Business Watch post on when the rumors of this move began visit-

http://www.inlandnwbusiness.com/2012/12/coeur-d-alene-mines-leaving-coeur-d.html

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