Key Developments: First Quantum Minerals Ltd (FM.TO)

FM.TO on Toronto Stock Exchange

16.45CAD
18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

African Energy Resources Limited and First Quantum Minerals executes joint venture agreement
Monday, 15 Dec 2014 09:00pm EST 

African Energy Resources Limited and First Quantum Minerals:Says that they have executed a binding Shareholders Agreement for the Sese Joint Venture Project on terms previously announced.Subject to certain conditions precedent, FQM will purchase a initial 51 pct. stake in African Energy Holdings SRL for $8 million.The $8 million will be used to repay all outstanding loans between AFRH and AFR, thus providing additional working capital for AFR.  Full Article

First Quantum Minerals updates FY 2014 production guidance
Thursday, 30 Oct 2014 05:00pm EDT 

First Quantum Minerals Ltd:Expects FY 2014 copper production between 419,000 and 436,000 tonnes.Expects FY 2014 nickel production between 45,000 and 48,000 tonnes.Expects FY 2014 gold production between 218,000 and 237,000 ounces.Expects FY 2014 zinc production between 55,000 and 60,000 tonnes.Expects FY 2014 palladium production between 22,000 and 24,000 ounces.Expects FY 2014 platinum production between 26,000 and 29,000 ounces.  Full Article

Tempo Australia Limited enters into national labour hire agreements with First Quantum Minerals Ltd
Sunday, 26 Oct 2014 10:06pm EDT 

Tempo Australia Limited:Says it has entered into national labour hire agreements with prominent businesses, Laing O’Rourke and First Quantum Minerals Ltd, creating greater efficiency for these clients when seeking access to Tempo’s pool of quality, work-ready technicians and tradespeople.  Full Article

First Quantum Minerals Ltd suspends operations at Guelb Moghrein Mine
Thursday, 18 Sep 2014 10:45am EDT 

First Quantum Minerals Ltd:Announced that it has temporarily suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to strike action by some unionized employees.Says the company has sought a negotiated resolution.  Full Article

Kiska Metals Corp enters agreement with First Quantum Minerals Ltd
Wednesday, 27 Aug 2014 09:00am EDT 

Kiska Metals Corp:Entered into a binding letter agreement with First Quantum Minerals Ltd.Pursuant to the Letter Agreement, First Quantum was granted an exclusive right, to enter into a formal option agreement pursuant to which First Quantum would be granted an option to earn up to an 80 pct interest in the Copper Joe Project located in Alaska.  Full Article

First Quantum Minerals Ltd completes acquisition of Lumina Copper Corp
Tuesday, 19 Aug 2014 08:32am EDT 

First Quantum Minerals Ltd and Lumina Copper Corp:Completed the previously announced plan of arrangement, whereby First Quantum acquired all of the issued and outstanding securities of Lumina.Following the Arrangement, First Quantum owns and controls 100 pct of the issued and outstanding common shares of Lumina.As the Arrangement has now completed, the Lumina common shares will be de-listed from the TSX Venture Exchange effective as of the close of business on Aug. 21.  Full Article

First Quantum Minerals Ltd updates FY 2014 production guidance
Wednesday, 30 Jul 2014 05:00pm EDT 

First Quantum Minerals Ltd:Expects FY 2014 copper production between 418,000 and 444,000 tonnes.Expects FY 2014 nickel production between 45,000 and 48,000 tonnes.Expects FY 2014 gold production between 221,000 and 242,000 ounces.Expects FY 2014 zinc production between 55,000 and 60,000 tonnes.Expects FY 2014 palladium production between 22,000 and 24,000 ounces.Expects FY 2014 platinum production between 26,000 and 29,000 ounces.  Full Article

First Quantum Minerals declares an interim dividend of C$0.0504 Per Share
Wednesday, 30 Jul 2014 05:00pm EDT 

First Quantum Minerals Ltd:Says that will pay an interim dividend of C$0.0504 per share in respect of the financial year ending Dec. 31.Dividend will be paid on Sept. 19 to shareholders of record on Aug. 28.Ex-dividend date is Aug. 26.  Full Article

First Quantum Minerals Ltd to acquire Lumina Copper Corp
Tuesday, 17 Jun 2014 11:30am EDT 

First Quantum Minerals Ltd:Enters into a definitive agreement with Lumina Copper Corp.Pursuant to which First Quantum will acquire, by way of court-approved plan of arrangement (Arrangement), all of outstanding securities of Lumina.Based upon consideration, the total value of 100 pct of fully diluted common shares of Lumina is about $470 mln.First Quantum currently owns 2.5 mln of Lumina's outstanding common shares.  Full Article

First Quantum Minerals Ltd completes pricing of notes offering
Thursday, 8 May 2014 06:32pm EDT 

First Quantum Minerals Ltd:Says that it has completed the pricing of its offering of Senior Notes due 2022, which was announced on May 6.The original offering amount of $650 million has been increased to C$850 million.Interest on the Notes will accrue at the rate of 7.25 pct per annum.Closing and funding are expected to take place on or about May 13.The company intends to use the proceeds of the offering to partially repay the company's revolving credit facility.And used to pay fees associated with the offering.  Full Article

UPDATE 2-Barrick to suspend operations at Zambian mine after royalty increase

TORONTO, Dec 18 - Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia following passage of legislation that raises the royalty rate on open-pit mining operations in the country to 20 percent from 6 percent.

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