As companies continue their hunt for copper, one African country is on the outside looking in.
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Mineweb reported that First Quantum Minerals (TSX:FM) is still looking at Africa as a significant part of its plans for growth despite losing its Frontier and Kolwezi projects in the DRC. The company is planning to bring roughly US$3 billion worth of copper and nickel projects online in Zambia this year.
Fears over the latest outbreak of the disease have prompted African countries to tighten their borders, with Botswana putting a halt on copper shipments out of the DRC last week.
Mining.com reported that Ivanhoe Mines (TSX:IVN) has hired Morgan Stanley & Co and BMO Capital Markets to act as financial advisors. BMO and Morgan Stanley will conduct a strategic review of Ivanhoe’s projects in the Democratic Republic of Congo.
Ivanhoe Mines Ltd. (TSX:IVN) announced that it has appointed BMO Capital Markets Ltd. and Morgan Stanley & Co. International plc as financial advisers to complete a strategic review of the Kamoa and Kipushi projects.
In light of the tailings pond breach at Imperial Metals’ Mount Polley mine and the toxic leak at Grupo Mexico’s Buenavista, it’s certainly a good time for investors to revisit the importance of social license.
Great Quest is selling its Taseko copper-gold exploration property in order to stay focused on its fertilizer projects in Mali and Botswana.
Following a six month export halt due to strict rules implemented in January, Freeport-McMoRan struck a deal with the Indonesian government on Friday to resume shipments of copper concentrate.
“Platinum is the new gold,” said Robert Friedland at this week’s Vancouver Natural Resource Symposium. However, “the copper story is equally compelling.”
Cindy Burnett of Capstone Mining outlines the company’s strategy, what its plans are moving forward and what she believes the future holds for copper.