Moving the Coeur

This probably isn’t one of those business stories Idaho Governor C.L. “Butch” Otter will want to play up, though it concerns one of Idaho’s better-known companies (historically emblematic) – the Coeur Mining company, based in Coeur d’Alene.

Or, it has been. From the company’s press release out today:

Officials from Coeur d’Alene Mines Corporation (NYSE: CDE, TSX:CDM) today joined Mayor Rahm Emanuel and Governor Pat Quinn’s administration to announce that Coeur will 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 expects to complete the move to Chicago in the third quarter of 2013 and to hire at least 60 employees at its downtown headquarters by the end of 2014. In addition, Coeur intends to change its name to Coeur Mining in mid-­‐May following its Annual Meeting.

“Coeur could have chosen any number of cities for its home, but they chose Chicago because Chicago gives the company its best opportunity to grow, expand and thrive,” said Mayor Emanuel. “Coeur needs a global city with a deep talent pool and access to international markets. I am proud that the city worked to put its best foot forward and attract this vital company. I look forward to working with Coeur as they make Chicago their new home.”

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