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First Quantum’s Inmet bid receives Investment Canada approval

By: Henry Lazenby Base-metals miner First Quantum Minerals on Friday said it has received approval under the Investment Canada Act from the Minister of Industry and Minister of State for its C$5.1-billion hostile takeover offer of Inmet Mining. "Approval under the Investment Canada Act was a condition of our... 

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

By: Matthew Hill 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 call, chairperson Philip Pascall said he was confident the... 

First Quantum shares drop

By: Liezel Hill Shares in First Quantum Minerals fell almost 12% in Toronto on Tuesday, after the Supreme Court in the Democratic Republic of Congo ruled that some rights for two of the company's mines were awarded illegally. Rights awarded for the Lonshi and Frontier copper should revert back to... 

First Quantum sees DRC ruling as retaliation to Kolwezi arbitration

By: Chanel de Bruyn Copper-miner First Quantum Minerals on Monday defended its mining rights for the Lonshi and Frontier copper mines, in the Democratic Republic of Congo (DRC), describing the latest challenge to its licences as an “orchestrated attack” in retaliation to its decision to start international... 

First Quantum to spend $120m on reopening Ravensthorpe

By: Chanel de Bruyn TSX- and LSE-listed First Quantum Minerals will spend about $120-million in capital expenditure to bring the Ravensthorpe nickel operation in Western Australia back into production and to ramp up the operation’s production. Chairperson and CEO Philip Pascall said in a conference call on... 

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