Copper climbed to a four-week high Thursday following the US Federal Reserve’s surprise decision not to taper its economic stimulus program.
Articles Tagged "TSX:FM"
Mirasol Resources Ltd. (TSXV:MRZ) announced that it has signed a binding Letter Agreement with First Quantum Minerals Ltd. (TSX:FM,LSE:FQM). Together, the companies will explore and develop Mirasol's Chile-based Rubi property, which is located within a porphyry belt that hosts "many world class porphyry copper deposits."
Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
First Quantum’s successful campaign to win over Inmet’s shareholders could be a sign that smaller mining companies may be starting to recognize the benefits of being part of a bigger group.
Sitting on the second-largest undeveloped copper deposit in the world makes Inmet Mining an attractive target — worth $72 per share if First Quantum’s latest bid is to be believed. Now shareholders must carefully consider whether they can get more or if it’s worth paying well above the industry average to develop and operate the mine on their own.
First Quantum Minerals (TSX:FM) announced the acquisition of 15,000,000 common share in the capital of Empire Mining Corporation via a private placement at a price of C$0.10 per share. The transaction, a total purchase price of $1,500,000 represents a 19.2% ownership stake in Empire Mining.
Though tax hikes and violent labor disputes have plagued Zambia's mining industry of late, investor interest, particularly from China, has not been deterred.
Zincore Metals Inc. (TSX:ZNC) announced that it has entered into a strategic partnership with First Quantum Minerals Ltd. (TSX:FM) so that it can advance its Peruvian Dolores copper porphyry project.
Copper is key to Zambia's economic success, which needs Chinese investors. But workers are being abused at Zambia's Chinese-operated mines.
Copper took a big hit on Tuesday, losing 3.2 percent on the COMEX as Eurozone fears gained momentum. All of the six main metals traded on the LME fell, led by nickel. Copper for delivery in three months lost 2.5 percent to $6,735 a metric tonne on the London Metal Exchange.