Imerys Joins QUADREM as a Founding Shareholder; The eProcurement Revolution Gains Momentum with New Signing.Business Editors LAS VEGAS--(BUSINESS WIRE)--Oct. 11, 2000 Imerys joins as a founding shareholder of QUADREM - the Mining, Minerals, and Metals eMarketplace - announced today by QUADREM's interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tracy Stevenson. QUADREM was officially launched on October 10 at a simultaneous news conference held in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada and London, England. Today's announcement brings the new total to 17 founding shareholders. "We warmly welcome Imerys as a founding shareholder of QUADREM," explained interim CEO Tracy Stevenson. "I believe the involvement of a leading 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 eprocurement marketplace." Imerys is a leading worldwide industrial minerals producer and employs 12,500 people in 34 countries. Using substantial minerals resources and sophisticated processing expertise, Imerys supplies technically advanced products essential to the success of a diversified customer base. "We are proud to be a founding shareholder of QUADREM," said Imerys CEO, Patrick Kron. "We see this new venture and the platform it will create as a tremendous opportunity for buyers and suppliers. It will be a key component of our current efforts to optimize our procurement costs and practices through the whole Imerys group." QUADREM will utilize common catalogues in multiple languages and will allow buyers, regardless of size and location, to access and trade with a large pool of suppliers locally and around the world. It will provide services to customers in over 100 countries and will be organized around eight world regions. QUADREM was officially launched yesterday at MINExpo in Las Vegas, with the unveiling of its new name, corporate identity and new web site. For more information about QUADREM, or to pre-enroll, visit: www.quadrem.com. QUADREM, an open, independent, Internet-based procurement and services eMarketplace, will serve as an online global "buy side" procurement site for the mining, minerals and metals industry. QUADREM will reflect the commitment of the mining, minerals and metals industries to sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union by promoting the use of industry wide standards on health & safety, environmental impact and social responsibility as they apply to goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. supplied to the industry - therefore, serving to enhance and promote the reputation of both buyers and suppliers associated with the industry. The 17 founding shareholders of Quadrem, who represent the leading mining, minerals and metals companies from around the world, are: Alcan Aluminium Limited, Alcoa Inc., Anglo American plc Anglo American plc (LSE: AAL, JSE: ANGLO) is a world-wide group of companies, originally founded in South Africa as a mining enterprise but now extending into other areas. Natural resources remains the focus of its operations. , Barrick Gold Corp, The Broken Hill Proprietary Company Limited (BHP), Corporacion Nacional del Cobre de Chile (CODELCO CODELCO Corporacion Del Cobre-Chile ), Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. (CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ), 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 WMC Winter Music Conference WMC Weill Medical College (Cornell University) WMC Wisconsin Manufacturers and Commerce (Madison, WI) WMC Westchester Medical Center WMC Western Mining Corporation Limited. |
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