Idaho-based mining company moving corporate HQ to Chicago - DC News FOX 5 DC WTTG

Idaho-based mining company moving corporate HQ to Chicago

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CHICAGO (Sun-Times Media Wire) -

An Idaho-based mining company announced Wednesday it will change its name and move its corporate headquarters to downtown Chicago.

Coeur is currently headquartered in Coeur d'Alene, Idaho, the company's home since 1985, and employs nearly 2,000 people worldwide.

The company will bring about 100 jobs to Chicago and add at least 60 positions at its downtown headquarters by the end of 2014, according to a release from the company, which expects to complete the move in the third quarter of 2013.

In addition, Coeur intends to change its name to Coeur Mining in mid-May following its annual meeting.

Coeur is the largest U.S.-based primary silver producer and a growing gold producer., with four precious metals mines in the Americas— the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska, the release said.

The company also owns a non-operating interest in a mine in Australia, and conducts exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia, the release said.

Coeur will receive a state investment package which will include corporate income tax credits based on job creation, and job training funds to enhance its workforce, the release said.

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