IDC asks SA government to assist in DRC Kolwezi saga

South Africa's State-owned Industrial Development Corporation (IDC) has asked the government to step in to protect the Democratic Republic of Congo (DRC) mine that was "expropriated" from copper-miner First Quantum last year - the IDC owned a 10%...

Pressure mounts on DRC over mine-rights controversy

International pressure is mounting on the Democratic Republic of Congo (DRC) government in the wake of its controversial decision to cancel a mining licence previously held by First Quantum, of Canada. On Tuesday, Reuters reported the World Bank...

Hostile bid 'severely undervalues us' - Adastra

Exploration firm Adastra has claimed that First Quantum's hostile bid for it has severely undervalued the firm and that the share ratio should not be 1:17,5, but rather 1:1.

Output from Zambian copper facility to rise

Canada’s First Quantum Minerals has started commissioning the Phase Two expansion at the Bwana Mkubwa solvent extraction (SX) and electrowinning (EW) plant, in Zambia, in a development which will result in a three-fold increase in...

Decision soon on new Zambian treatment plant

Canadian miner First Quantum is moving rapidly towards a decision to expand its treatment facilities at Zambia’s Bwana Mkubwa mine to 30 000 tons of copper cathode a year.