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.

First Quantum raises $1bn to fund Kansanshi

Vancouver-based First Quantum Minerals said on Monday it raised $1-billion in debt through five-year term and revolving facilities with a group of banks. The TSX- and LSE-listed company said it would use the money to fund an expansion at its...

Zambia not looking to take 35% of mines – First Quantum chair

Copper miner First Quantum Minerals, which saw its shares plunge over 12% in Toronto on Wednesday, said that supposed plans by the Zambian government to take a 35% stake in the country’s mines were “misreported”. Speaking in a conference...

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.

Depositary receipts taking hold in Africa

Depositary bank the Bank of New York Mellon (BNY) is currently in discussions with the Namibian Stock Exchange to list its first Namibian depositary receipt (DR) and, if successful, this could lead to the listing of five more Namibian DRs.

Focus must shift to improving infrastructure

Considering the renewed interest in exploration, and the rate of investment in existing operations within the Zambian mining industry, infrastructure is a critically important focus area for the country during the next few years.

Lusaka Stock Exchange breaks ground

During July, the Lusaka Stock Exchange (LuSE) became the first stock exchange in Africa to list depositary receipts (DRs).

First Quantum issues shares ahead of Zambia listing

Copper-miner First Quantum Minerals has issued 125 679 new shares in connection with the company's plans to list depositary receipts on the Lusaka Stock Exchange in Zambia. The new shares, together with 7 700 common shares bought on the open...

First Quantum profit rises on copper price

Copper miner First Quantum Minerals increased first-quarter profit by 37%, after higher copper prices more than made up for lower production during the period. Copper production and sales were lower year-over-year, after the government of the...

Candente sees interest in Peru copper project from 'wide range' of groups

Vancouver-based Candente Copper has received interest and approaches on its big Cañariaco Norte copper project in Peru from a “wide range” of entities, president Sean Waller said in an interview on Friday. “The global interest in copper...

First Quantum rises after updating projects, growth plans

Shares in Canada's second-biggest publicly traded copper producer, First Quantum Minerals, rose 6,8% on Wednesday, a day after the firm published an update on its expansion and development projects, including plans for a new 250 000 t/y mine in...