Company News: First Quantum Minerals
Updated: 16 Feb 2010
First Quantum Minerals Ltd. is a growing mining and metals
company engaged in mineral exploration, development and mining. The
Company produces LME grade "A" copper cathode, copper in concentrate,
gold and sulphuric acid.
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.
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.
Most Recent Company News
- First Quantum approves Sentinel - 11 May 2012 12:33pm
First Quantum Minerals Ltd has finalised the power-supply agreement for its Sentinel copper project in Zambia with state supplier Zesco, and as a result, its board of directors has formally approved construction Read more... - Dolores MoU - 11 May 2012 12:32pm
Zincore Metals Inc and First Quantum Minerals Ltd have formed a partnership to develop Zincore’s Dolores copper porphyry project in Peru Read more... - First Quantum’s US$2.4 billion Zambian plans - 30 Mar 2012 1:18pm
Development of First Quantum Minerals Ltd’s Sentinel copper deposit, part of its Trident project in Zambia, together with a new smelter in the country, would cost more than US$2.4 billion Read more... - Strikes end at Grasberg and Kansanshi - 09 Mar 2012 12:33pm
Freeport McMoRan Copper & Gold Inc said operations at its Grasberg mine (pictured) will resume next week, ending a strike at the world’s largest gold mine that has been running since February 23 Read more... - 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...
No results were found.
READ THE LATEST PRINT EDITION:
MM May 2012
PROFESSIONAL PLACEMENTS
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
General Manager Mining - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
Aspermont and Beacon Events expand their global events partnership
The parent company of Mining Journal, Aspermont Ltd, recently announced it intends to further expand its global events offering with its partner of five years, Beacon Events.
RECENT MINING COMPANY PROFILES
SEARCH OUR COMPANY DATABASE
SPECIAL FEATURES
