First Quantum sells 30% of Ravensthorpe mine for $240m

Mining News Pro - First Quantum Minerals on Wednesday said it agreed to sell a 30% stake in its Ravensthorpe nickel mine in Western Australia to South Korean steelmaker POSCO for $240 million.

POSCO acquires Ravensthorpe stake from First Quantum

Mining News Pro - Canada’s First Quantum Minerals has sold a 30 per cent share of the Ravensthorpe nickel operation in Western Australia to South Korean steel-making company POSCO for $US240 million ($310 million).

Dreadnought finds Gascoyne partner in First Quantum

Mining News Pro - First Quantum Minerals (FQM) has partnered with Dreadnought Resources to develop the Mangaroon gold and base metals project in the Gascoyne region of Western Australia.

First Quantum sees no `contagion` risk in Zambia after Mopani deal

Mining News Pro - First Quantum Minerals sees no risk of nationalization in Zambia following the sale last month of Mopani Copper Mines to the country`s mining investment arm ZCCM-IH, the Canadian miner`s chief operating officer, Tristan Pascall, said on Wednesday.

First Quantum reports record copper output

Mining News Pro - First Quantum Minerals announced Tuesday it has achieved its highest-ever annual copper production of 779kt, an 11% increase from 2019.

SIMPEC secures inaugural First Quantum contract

Mining News Pro - First Quantum Minerals has awarded WestStar subsidiary SIMPEC with a $9 million contract at the Ravensthorpe nickel operations in Western Australia.

First Quantum expands copper reserve base with Argentina project

Mining News Pro - First Quantum Minerals has expanded its copper reserve base following results of an updated NI 43-101 technical report for its Taca Taca copper-gold-molybdenum project in the Puna (Altiplano) region of Salta province, Argentina.

First Quantum stock surges

Mining News Pro - First Quantum Minerals (TSX: FM) is not expecting any additional disruptions related to covid-19 across its mining operations now that all precautionary measures have been put into practice, the company said on Wednesday.

First Quantum records second-quarter loss

Mining News Pro - Copper miner, First Quantum Minerals has reported a comparative second-quarter loss of $84-million, or $0.12 a share, compared with earnings of $87-million a year earlier.

Jiangxi Copper sells shares in First Quantum

Mining News Pro - Jiangxi Copper sold 1.2 million shares in First Quantum Minerals last week according to SEDI filings, BMO reports.

Panama miners push for restart of First Quantum copper operation

Mining News Pro - Panama’s chamber of mines (Camipa) is urging the government to allow First Quantum Minerals (TSX: FM) to resume operations at its Cobre Panamá mine, one of the few large copper operations to have come online over the past two years.

First Quantum set for Ravensthorpe restart despite virus

Mining News Pro - First Quantum Minerals has continued work towards restarting the Ravensthorpe nickel operations in Western Australia despite coronavirus challenges.

First Quantum revises guidance for 2020

Mining News Pro - With its Cobre Panama mine on care and maintenance since Apr. 7, First Quantum Minerals has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000 tonnes, with expected gold production falling by 30,000 oz. to 250,000-270,000 oz. The forecast depends on officials allowing Cobre Panama to reopen by the end of May, with normal production levels being achieved in late June or early July.

First Quantum halts Cobre Panama over covid-19 death

Mining News Pro - First Quantum Minerals announced Tuesday that the company has received an order from the Ministry of Health of the Republic of Panama (MINSA) to temporarily suspend labour activities at its Panamanian subsidiary as a sanitary control measure due to covid-19.

COVID-19 kills worker at First Quantum’s Cobre Panamá mine

Mining News Pro - Panama’s Ministry of Health confirmed that one person died at the Cobre Panamá operation due to complications caused by the novel coronavirus infection.

First Quantum eyes Cobre Panama stake sale

Mining News Pro - Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said.

Coronavirus stalled First Quantum’s Zambian stake sale talks

Mining News Pro - The coronavirus has temporarily derailed talks to sell a minority stake in First Quantum Minerals’s Zambian operations, company executives said.

First Quantum posts surprise profit on higher copper sales

Mining News Pro - Canada`s First Quantum Minerals posted a surprise profit on Thursday, helped by higher sales and production, driven by a ramp-up of its Cobre Panama copper mine.

First Quantum to ramp up Ravensthorpe operations

Mining News Pro - First Quantum Minerals has set its production guidance for the previously mothballed Ravensthorpe mine in Western Australia.

First Quantum achieves record annual copper production

Mining News Pro - Canadian copper producer First Quantum on Thursday reported its highest ever annual production. The company also said that it could increase its output by up to 25% this year.

First Quantum launches arbitration against Zambian state miner

Mining News Pro - First Quantum Minerals has begun arbitration proceedings against Zambian state miner ZCCM-IH to try to resolve a dispute over a money transfer to the parent company of Kansanshi Mining, which is majority-owned by the Toronto-listed group.

First Quantum quashes Rio rumor, says Jiangxi no threat

Mining News Pro - First Quantum Minerals Ltd. says it hasn’t received any takeover approaches — including from Rio Tinto Group — since it last refuted “speculation” it had been in talks about a bid in September.

First Quantum may team up with Rio Tinto to develop Peru copper mine

Mining News Pro - Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum’s chief executive officer said on Wednesday.

Pangaea ups stake in First Quantum Minerals, shares jump

Mining News Pro - First Quantum Minerals shares were up 17% on Thursday after Pangaea Investment Management, a firm backed by Chinese state-owned Jiangxi Copper upped its stake in the Canadian miner.

First Quantum slumps after saying it’s not in takeover talks

Mining News Pro - First Quantum Minerals Ltd., the owner of Africa’s biggest copper mine, headed for the biggest loss in seven weeks after the company said it hasn’t engaged in any discussions regarding a takeover bid or other change of control transaction.

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