Company News: First Quantum Minerals
Updated: 16 Feb 2010
The Company's assets in Zambia include the 80% owned Kansanshi open pit copper-gold mine, the 100% owned Fishtie copper project and the 100% owned Bwana Mkubwa SX/EW facility and sulphuric acid plants. First Quantum also holds strategic investments in Mopani Copper Mines (16.9%), operator of the Nkana underground copper mine and cobalt refinery and the Mufulira underground copper mine, smelter and copper refinery, as well as Equinox Minerals Ltd. (16.32%), a publicly-traded company that operates the Lumwana copper mine. In the Democratic Republic of Congo, First Quantum operates the 95% owned open pit Frontier copper mine and is currently developing the 65% owned the Kolwezi copper-cobalt tailings project. In Mauritania, First Quantum operates the 80% owned Guelb Moghrein copper-gold mine. In Finland, the Company owns the 100% Kevitsa nickel-copper-PGE project.
First Quantum produced 334,400 tonnes of copper, sold 121,800 ounces of gold and generated US$1.7 billion of revenues in 2008.
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Most Recent Company News
- First Quantum raises US$1bn for Kansanshi - 03 Feb 2012 12:52pm
First Quantum Minerals Ltd has arranged US$1 billion in funding for the company’s flagship Kansanshi mine, the largest copper project in Africa Read more... - First Quantum arranges US$1bn Kansanshi Finance - 31 Jan 2012 12:59pm
Africa-focused First Quantum Minerals Ltd has announced the arrangement of a US$1 billion revolving credit facility for its Kansanshi copper-gold project in Zambia Read more... - Kansanshi resumes - 06 Jan 2012 4:45pm
Copper producer First Quantum Minerals Ltd has resumed operations at its Kansanshi copper-gold mine in Zambia, following a stoppage caused by workers on strike Read more... - Kolwezi dispute resolved - 06 Jan 2012 10:29am
First Quantum Minerals Ltd will receive US$1.25 billion from Eurasian Natural Resources Corporation plc after the parties agreed to settle their dispute over the Kolwezi project in the Democratic Republic of the Congo Read more... - Strikes stop Kansanshi - 04 Jan 2012 11:36am
Production at Kansanshi, Africa’s largest copper mine, has been halted after striking workers barricaded entrances to the operation on January 3 Read more... - Zambia: Regional leader - 28 Oct 2011 12:26pm
For over half a century the mining of copper and cobalt has been an important foreign exchange contributor to Zambia's economy Read more... - Finland: A friendly regime - 21 Oct 2011 3:58pm
By and large, Finland is considered to be a mining-friendly country Read more... - Zambia to consult companies over taxes - 30 Sep 2011 11:48am
Newly-elected Zambian president Michael Sata said his government would not make changes to mining taxes without consulting the industry. Read more... - Court overrules Kolwezi appeal - 23 Sep 2011 12:34pm
A legal case over First Quantum Minerals Ltd’s loss of its share in the Kolwezi copper-cobalt tailings project in the Democratic Republic of the Congo (DRC) can proceed to trial after a court ruling Read more... - First Quantum records profit - 12 Aug 2011 11:57am
First Quantum Minerals Ltd returned to profit in the June quarter despite a fall in copper and gold production Read more...
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