First Quantum Minerals Ltd Mining News

Argentina mining gets Macri boost as tough election looms

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri’s market-oriented policies.

Zambian finance chief holds firm on higher mining royalties

“There is no renegotiation taking place because a law has been passed in parliament to change the tax regime."

Zambia tax hike to make most mines unprofitable, group says

The effective tax rate will range from 86% to 105%, with about 27,900 jobs at risk - Zambia Chamber of Mines.

First Quantum given time to solve $7.9 bn Zambian tax row

First Quantum, which operates the Kansanshi and Kalumbila mines in the country, accounted for more than half of Zambia’s copper production last year and is the biggest individual taxpayer.

From bitcoin to Trump: mining giants identify 2018's challenges

In 2017, miners finally got tailwinds from commodities as unsavory supply pressures bolstered prices. What’s ahead for 2018? Bloomberg asked six top execs.

Zambia restores full power supply to First Quantum mines

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.

First Quantum resumes construction at Cobre Panama, hunts for new deals

The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.

First Quantum halts $6.4bn Panama copper project

The temporary measure is due to a labour dispute with some of its construction workers, said the firm.

First Quantum defers $1B Zambia investment

Zambian fiscal regime highly uncertain.

First Quantum and Petaquilla reach $60m deal to split up Panama projects

First Quantum subsidiary Minera Panama’s $6.4 billion Cobre Panama copper-gold-silver mine is located next to Petaquilla’s Molejon gold mine, which has triggered lengthy disputes in the past.

Latin America gets its first diamond exchange

The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.

Panama holds $200bn in mineral resources waiting to be mined — Government

The country has identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum.

Zambia lets First Quantum restart dam project halted since May

The dam is key for the supply of water to the company’s Sentinel copper mine and the planned Enterprise nickel project.

First Quantum takes over Inmet: a new copper giant is born

The new merged company projects a 1.3 million tonnes of copper output per year by 2018.

First Quantum ready to take over Inmet and create one of world’s biggest copper producer

The Vancouver-based miner extended the offer after coming up just short of acquiring two thirds of Inmet.

First Quantum asks Inmet shareholders to tender before deadline

Its cash-and-stock offer for Inmet expires late Monday night, unless extended.

Inmet and Petaquilla make peace

They have reached a preliminary $150 million commercial agreement over land rights near the $6.2 billion Cobre Panama copper project.

Petaquilla claims legal win over Inmet on mining rights in Panama

Panama's Supreme Court backed Petaquilla's exploration and extraction rights in five areas of Panama's Donoso District.

New setback for Inmet’s $6 billion copper project in Panama

The country’s Supreme Court ruled against Inmet's land rights claims near Petaquilla’s concessions.

Cobre Panama a risky endeavour for First Quantum: analyst

Haywood Securities mining analyst, Kerry Smith, says the Vancouver-based miner already has "a lot on its plate."

First Quantum and Inmet exchange ‘love letters’

First Quantum said Inmet is trying to sabotage the takeover, while Inmet suggested its counterpart’s complaints were dishonest.

First round to First Quantum

Inmet's largest shareholder in favour of a deal.

First Quantum's $5bn Inmet bid turns hostile

If successful, the deal will be the biggest hostile mining bid since BHP Billiton failed $40bn offer for Potash Corp. of Saskatchewan in 2010.

Zincore announces strategic partnership with First Quantum Minerals to accelerate work on copper and zinc projects

Zincore Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") is pleased to report that it has entered into a strategic partnership with First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) ("First Quantum") Under the terms of a binding Memorandum of Understanding ("MOU"), First Quantum's wholly-owned subsidiary, FQM (Peru) Ltd will make a strategic investment in Zincore via private placement for 19,113,874 common shares at $0.20 per share (the "Private Placement") and fund the advancement of Zincore's Dolores copper porphyry project through exploration and, if warranted, development and production. The Dolores project is located in the prolific Yauri-Andahuaylas Copper District of southern Peru, approximately 40 kilometres from the Haquira deposit, which First Quantum is currently developing.

Strike and lower copper price hurt First Quantum production

A lower copper price and a strike at its Kansanshi mine in Zambia has bit into the bottom line at Africa-focused base metals producer First Quantum Minerals.