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%...

Power accord in hand, First Quantum green-lights Sentinel

Days after warning of delays should they not be forthcoming, copper and nickel producer First Quantum said on Wednesday it reached agreement with the government over power tariffs for its $1.7-billion Sentinel project in Zambia. As a result, the...

Lower output, prices knock First Quantum's Q1 profit

First Quantum, the Vancouver-based base metals producer, late on Wednesday reported a 42% drop in first-quarter adjusted profit to $119-million after copper production and prices fell from the levels seen in the same period in 2011. On a per...

Tyre firm seeks to further penetrate the African market

Beltyre Africa, the Belshina tyre distributor for Africa, states it is vigorously aiming to market its product range into the African market, this year.

Advancements to lie in metallurgical processes

The most significant advancements in the Southern Africa base-metals sector will in future relate to metallurgical processes, forecasts banking major Standard Bank mining and metals research analyst Michael Starke.

First Quantum to start Ravensthorpe nickel shipments by Nov

Canada’s First Quantum Minerals expects to ship its first nickel from the Ravensthorpe mine in Australia by the end of November. Speaking at the last day of the Paydirt Nickel conference, manager for government and community relations, Dave...

Revision of forecast reveals improved copper output

Market research house Business Monitor International (BMI) have over the past quarter made an upwards revision to their forecast for Zambian copper output for this year, increasing it to 913 000 t, up from 877 000 t.

Multiple projects progressing on schedule

Metallurgical and chemical solutions provider Outotec is progressing on schedule with the €119-million design and delivery of a new manganese sinter plant, the largest in the world, for the Kalagadi Manganese project, near Hotazel, in the...

First Quantum plans 5-for-1 stock split

TSX- and LSE-listed First Quantum Minerals will ask shareholder to vote on a proposed five-for-one share split, the company said on Friday. The split has been approved by the board, and First Quantum plans to hold a special meeting of...

First Quantum Q1 copper output slides on DRC woes

First Quantum Minerals produced 12% less copper in the first quarter of 2011 than the same period the year before, mainly because of the Democratic Republic of Congo’s government closure of the Frontier mine, the TSX-listed company said on...

First Quantum studies expansion at Kevitsa

First Quantum Minerals is studying a potential capacity increase at its Kevitsa nickel/copper/platinum-group-metals project in Finland, the company said this week. First Quantum expects to start commercial production at Kevitsa in mid-2012, but...

Guelb Moghrein mine, Mauritania

A copper/gold mine situated 250 km north-east of Mauritania’s capital, Nouakchott.