First Quantum buys 19.9% stake in Peru-focused junior

Base metals miner First Quantum on Friday said it bought a 19.9% stake in Zincore Metals, which owns copper and zinc projects in Peru, for a total of C$7.5-million. The TSX-listed junior had said on May 8 First Quantum took up a stake of some 10%...

First Quantum eager for power pact to avoid copper project delays

Base metals producer First Quantum Minerals is “optimistic” it will conclude negotiations “in a short timeframe” with Zambia over a power tariff agreement for the Sentinel copper project the Vancouver-based miner hopes to build in the...

Trident copper/nickel project, Zambia

First Quantum has estimated that the Sentinel mine and smelter project will require a capital investment of $2.4-billion.

Trident copper/nickel project, Zambia

The capital cost to develop the Trident copper/nickel project, including the necessary infrastructure, is expected to be in the range of $1-billion.

Kevitsa nickel/copper/platinum-group-elements project, Finland

First Quantum Minerals expects to start commercial production at the Kevitsa mine in mid-2012.

First Quantum raises capex for Ravensthorpe revamp, restart

Base-metals producer First Quantum Minerals now expects to spend $190-million to refurbish and restart the Ravensthorpe nickel mine in Australia, president Clive Newall said on Wednesday. The company had previously forecast capital for the...

First Quantum starts arbitration over Frontier in DRC

Two subsidiaries of base-metals-miner First Quantum have initiated international arbitration proceedings under the International Centre for Settlement of Investment Disputes (ICSID), in Washington, against the Democratic Republic of Congo (DRC)...

Aluminium smelters unlikely to attract major capex, honouring ICC licence order in DRC’s ‘best interests’, rand ‘unceremoniously’ frays Implats platinum basket

Southern Africa’s aluminium smelters appear to be heading for an ex-growth future. BHP Billiton CEO Marius Kloppers, who has announced a 16%-higher $12,5-billion profit for the world’s largest mining company in the 12 months to June 30,...

Compliance with ICC order 'in DRC's best interest' – FQM CEO

TSX- and LSE-listed First Quantum president Clive Newall said this week it would be in the Democratic Republic of Congo’s (DRC’s) “best interests” to comply with the International Chamber of Commerce (ICC) orders regarding the disputed...

First Quantum says DRC arbitration could take years

Vancouver-based First Quantum Minerals (FQM) expects its arbitration with the Democratic Republic of Congo (DRC) government over the rights to a copper mine could take years to resolve. Speaking on a conference call on Wednesday, FQM president...

First Quantum’s Q3 copper output 14% up, but falls short of forecasts

Vancouver-based First Quantum Minerals produced 93 500 t of copper during the third quarter, an increase of 14% compared with the same period last year. For the first nine months of 2009, the company recorded production of 275 300 t of copper,...

We are not in breach of contract, First Quantum insists

TSX- and LSE-listed First Quantum Minerals is confident that it remains within the terms of a mining contract with the government of the Democratic Republic of Congo, for the company's Kolwezi tailings-recovery project, president Clive Newall said...