Zambia Daily Mail reports that workers at the Kansanshi copper mine have gone on strike.
First Quantum Minerals Ltd Mining News
First Quantum on Friday confirmed it restarted operations at its Kansanshi copper mine in Zambia, after a strike curbed output for two days this week.
First Quantum Minerals, the Vancouver-based copper miner embroiled in a dispute with the Congolese government over expropriation of one of its key assets, has sold its mines in the Central African country.
Workers at First Quantum Minerals' Zambian copper/gold mine resumed work this morning after the country’s minister of labour intervened to end the two-day wage strike.
First Quantum Minerals (TSE:FM) is expanding its Kansanshi copper mine in Zambia. The company announced Wednesday that annual copper production will increase by 60% to 400,000 metric tons by the end of 2014, from its current 250,000 t/a, Fox Business News reported:
Bloomberg reports BHP Billiton Ltd., the largest mining company, Minmetals Resources Ltd. and First Quantum Minerals Ltd. are stepping up copper exploration in Zambia after prices for the metal more than doubled over the past two years.
Canada's First Quantum Minerals (FM.TO:Quote) reported a 37 percent rise in its first-quarter profit, as declines in copper production were more than offset by gains in the price of the metal. The Africa-focused miner said […]
First Quantum Minerals posted a US$455 million profit in the third quarter, the Vancouver-based company reported on Tuesday. That compares with $227 million in earnings in the three months ended December 31, 2009. Sales of copper in Q3 were down from the same period last year, from 98,171 tonnes in Q3 2009 to 76,290 in the third quarter of 2010. However, the company ended the year with $1.385 billion in its treasury compared to $959 million in the previous year's Q3.
As expected, First Quantum's 2010 metals output suffered from the forced closure of its Frontier Mine by the DRC Government in its ongoing dispute with the Canadian miner. Canada's First Quantum Minerals (FM.TO) full-year copper production fell to
Outotec has agreed with the First Quantum Minerals Limited Projects Office based in Perth, Australia, for the delivery of flotation, thickening and automation technologies for several of its operations around the world. Read more at http://www.mineweb.com/mineweb/view/mineweb/en/page72558?oid=104743&sn=Detail
Canada's First Quantum Minerals plans to restart copper production at its closed Bwana Mkubwa processing plant once it receives the go-ahead to open a new mine in central Zambia, the company said….more at MEIOnline