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...

First Quantum committed to Zambia – Pascall

Vancouver-based First Quantum is committed to Zambia and looks forward to a fruitful partnership with the Michael Sata-led administration, chairperson and CEO Philip Pascall said this week, following a meeting with the new president. He said...

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 eyes 2012 production decision for Peru copper project

Vancouver-based First Quantum Minerals, which announced on Monday it will buy Canadian junior Antares Minerals for the company's Haquira copper project in Peru, could be ready to approve construction of the mine in 2012, said president Clive...

First Quantum mulls second arbitration case after DRC mine suspended

Base-metals miner First Quantum Minerals may go to international arbitration to protect its rights to the Frontier mine, in the Democratic Republic of Congo, after it suspended operations last week. CEO Philip Pascall said on a conference call...

DRC withdraws permit for First Quantum's Frontier mine

Base-metals-miner First Quantum has suspended operations at its Frontier mine, in the Democratic Republic of Congo (DRC), after the DRC mining registry withdrew the mine’s exploitation permit. Further, the miner had also received a letter...

Canadian newspaper lifts lid on new Kolwezi acquirer

Canada's Financial Post has reported that the Kolwezi copper tailings project, which the government took away from TSX-listed First Quantum Minerals in September, is now in the hands of a British Virgin Islands company called Highwind Properties....

First Quantum completes $340m Ravensthorpe acquisition

TSX- and LSE-listed First Quantum Minerals on Wednesday announced that its $340-million acquisition of the Ravensthorpe nickel mine, in Western Australia, has been finalised, following the receipt of the relevant government approvals. BHP...

BHP will sell Ravensthorpe to First Quantum for $340m

The world's biggest miner, BHP Billiton, has agreed to sell its shuttered Ravensthorpe nickel operation in western Australia to First Quantum Minerals for $340-million. The agreement is subject to relevant approvals from the Australian Foreign...

FQM approves Finnish project, targets 2012 commercial output

Vancouver-based First Quantum Minerals has approved the development of its Kevitsa nickel/copper/platinum-group-element (PGE) project in northern Finland, the company announced on Monday. The project is expected to cost around $400-million, and...

First Quantum to buy Kiwara in $260m deal

Vancouver-based First Quantum has agreed to buy Zambia-focused explorer Kiwara in a deal worth $260-million. The LSE- and TSX-listed First Quantum, which owns copper operations in Zambia, the Democratic Republic of Congo and Mauritania, said in a...

First Quantum tightens its belt, but still sees output growth

TSX- and LSE-listed First Quantum Minerals will reduce capital spending, curtail exploration, review its dividend policy and slice into salaries, in a bid to conserve cash amid low copper prices, but still expects to increase its production of...