Key Developments: First Quantum Minerals Ltd (FM.TO)
27 Mar 2015
Latest Key Developments (Source: Significant Developments)
Latin Resources Ltd's Peruvian subsidiary, Peruvian Latin Resources S.A.C. signs MOU with First Quantum Minerals Ltd's Minera Antares Perú S.A.C.
Latin Resources Ltd:Announces signing of memorandum of understanding (MOU) by its Peruvian subsidiary, Peruvian Latin Resources S.A.C. and Minera Antares Perú S.A.C., Peruvian subsidiary of First Quantum Minerals Ltd.Objective is for two companies to collaborate together under terms of MOU with the aim of discovering mineral deposits worthy of further exploration and development.Antares will have exclusive rights (with PLR) to undertake exploration for 12 months within 65,730 hectares of PLR's 100 pct. owned mining concessions in Southern Peru, considered prospective by both companies for porphyry copper and IOCG deposits of significant scale. Full Article
First Quantum Minerals Ltd:Continues to expect FY 2015 copper production between 410,000 and 440,000 tonnes.FY 2015 nickel production between 32,000 and 40,000 tonnes.FY 2015 gold production between 218,000 and 247,000 ounces.FY 2015 zinc production between 40,000 and 45,000 tonnes.FY 2015 palladium production between 26,000 and 29,000 ounces.FY 2015 platinum production between 25,000 and 35,000 ounces. Full Article
First Quantum Minerals Ltd:Declared final dividend of C$0.0487 per share in respect of financial year ended Dec. 31, 2014.Dividend will be paid on May 6 to shareholders of record on April 15.Ex-dividend date is April 13\. Full Article
First Quantum Minerals Ltd:Expects FY 2015 copper production between 410,000 and 440,000 tonnes.Expects FY 2015 nickel production between 32,000 and 40,000 tonnes.Expects FY 2015 gold production between 218,000 and 247,000 ounces.Expects FY 2015 zinc production between 40,000 and 45,000 tonnes.Expects FY 2015 palladium production between 26,000 and 29,000 ounces.Expects FY 2015 platinum production between 25,000 and 35,000 ounces. Full Article
Chrysalis Resources Ltd and First Quantum Minerals Ltd's FQM Exploration (Zambia) Ltd announce joint venture option agreement to proceed on Shikila and Kabwima projects, Zambia
Chrysalis Resources Ltd and FQM Exploration (Zambia) Ltd:Says that Chrysalis and FQM Exploration (Zambia) Ltd (FQM), subsidiary of First Quantum Minerals Ltd., have entered into joint venture option agreement which was subject to due diligence on FQM's behalf.Chrysalis has received notification from FQM that due diligence condition has been satisfied. Full Article
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 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: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: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: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
Feb 20 - First Quantum Minerals Ltd said on Friday it is renegotiating the terms of some debt agreements and focusing on cutting costs and preserving cash, as sinking metal prices and high royalties in Zambia put certain debt covenants at risk.