First Quantum says Zambia plant to produce 800 t/m copper cathode

TSX- and LSE-listed copper-miner First Quantum expects its recently restarted Bwana Mkubwa solvent extraction/electrowinning copper plant, in Zambia, to produce about 800 t/m of copper cathode until the end of this year. The plant was restarted...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

The future of mining in Africa

The mining industry as a whole has experienced heavy shutdowns, project delays and cutbacks, especially in the last two months. This is largely attributed to the global financial crisis which has resulted in a beleaguered predicament for...

First Quantum earnings slump as prices fall

First Quantum Minerals said on Wednesday that third quarter profit declined to $147,5-million, compared with $183,6-million a year earlier, thanks to plummeting metals prices and higher operating costs.