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Phillip Pascall

First Quantum’s Inmet bid receives Investment Canada approval

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...
8th March 2013

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 call,...
9th November 2011

First Quantum shares drop

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...
26th May 2010

First Quantum sees DRC ruling as retaliation to Kolwezi arbitration

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...
24th May 2010

First Quantum to spend $120m on reopening Ravensthorpe

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...
9th December 2009
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