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Very slowly but hopefully surely we will get to that corner by Christmas. Heard any new fellow researchers. I'm all ears.
IT'S STARTING TO MOVE ^ NOW. KEEP IT UP :)
Is anybody there! Have we turned a corner?
Blues coming thro.
cham, because of its illiquid nature, this has been battered by slump in commodities. if any recovery in prices the future of this one looks good, even the new mine is attractive at current prices due to low cost nature
this was £12 a year ago ,get to £6 i will be happy .
Strange how no one is on this board.
Whoops...i think your right buddy.
maybe you need yours testing bro, that was posted august :P
Think you need your eyes tested bro
Any reason for drop today?
First Quantum Minerals is the ideal takeover target for mining giants like BHP Billiton and Rio Tinto seeking to grow through acquisitions instead of building projects from scratch, Sanford C. Bernstein & Co. said. “Several miners will be looking to acquire a copper producer, ideally offering strong growth,” Bernstein analyst Paul Gait said. “First Quantum looks like the ideal target. It’s a base metals copper pure-play, generating 70 percent of its revenue from copper and about 20 percent from nickel.” Miners will focus on buying existing copper mines to boost production as the current price below $6,000 makes building new projects uneconomic, Gait said in a note. BHP and Rio are among the most likely buyers as they diversify from iron ore, he said. Glencore Plc may also be interested so it can benefit from synergies in the Central African copper belt, he said. First Quantum, a Vancouver-based miner of copper in Zambia and nickel in Australia and Finland, plans to triple annual copper-output capacity to more than 1.3 million metric tons in five years after completing its Cobre project in Panama by 2018. This month it raised about C$1.4 billion ($1.1 billion) to speed growth in its copper projects as a supply deficit looms.
Does anyone know what the full ramped up production will be?
First Quantum is one of two mining companies in Zambia who has been paying tax to the Zambian Government. A transparent and magnanimous gesture. Well dont to FQML. The other company being CNMC. Vedanta, Glencore, Metorex, ENRC and Barrick have all exploited the tax loophole and escaped paying tax.
My ex-husband worked at Frontier in DR Congo and Guelb in Mauritania. First Quantum is exploiting those poor countries. For example: 1) Gold produced in copper concentrate is not declared for royalty payment. Yet, FQML gets a gold credit 3 months later 2) No housing is provided for workers at Guelb. Workers and their families live in the same buildings as goats! There are no toilet facilities in the houses. Residents use the streets after darkness. 3) The company gives the town 1,000 cubic metres of potable water per day. In the arid Sahara Desert, that is not enough. 4) Expats accommodation, food and social amenities are first world. 5) The general manager's house has at least 8 satellite dishes on it. 6) Morale of the local workforce is abysmal, compared to Kinross' Tasiast.
I worked at FQM's MCM site earlier this year, only stuck it out 8 months as the whole operation was a complete shambles, I still have friends who work there but only because there aint much else out there. At present they are laying off hundreds of folk at the MCM site, everything is getting scaled back and I am not surprised this share aint going anywhere if my experience is anything to go by!
a Tenner is better than nothing:)
Just be careful if you're thinking about buying... It's not very liquid for some reason and very difficult to sell.... Hence, why I opted out of my position so quickly....
I made less than 10 quid! lol:)
Finally in profit!
You cow! :)lol
Showed as a sell... This was an excellent Rns!
My 262 shares... If I can mahe 3-4% today... I'll be happy:)
this one is not for me pa
RNS Number : 7717R First Quantum Minerals Ld 30 October 2013 NEWS RELEASE 13-29 October 30, 2013 www.first-quantum.com ======================= FIRST QUANTUM MINERALS ANNOUNCES AMENDMENT AND RESTATEMENT OF ITS $2.5 BILLION REVOLVING CREDIT FACILITY (In United States dollars, except where noted otherwise) First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") First Quantum Minerals Ltd is pleased to announce that its wholly-owned subsidiary, FQM (Akubra) Inc, has today signed a Deed of Amendment and Restatement to its $2.5 billion Revolving Credit Facility (the "Facility") provided by Standard Chartered Bank whereby the Facility has been extended to June 30, 2014 . As such, the reductions to the Facility of $1.25 billion at December 31, 2013 and $1.25 billion at March 26, 2014 are no longer required. All other terms of the Facility remain unchanged. The Company also notes that it is in discussions with Standard Chartered Bank and its other relationship banks to restructure its various debt facilities to appropriately provide for its long-term capital requirements. On Behalf of the Board of Directors 12g3-2b-82-4461 of First Quantum Minerals Ltd. Listed in Standard and Poor's G. Clive Newall President For further information visit our