 | First Quantum Minerals Ltd. - FM.t is an established mining and metals company operating six mines and developing five projects worldwide.
The Company’s operations are the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Pyhäsalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine, and the Çayeli copper-zinc mine. |  |
On March 10, 2016 the company released News
First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today announced that it has entered into a Sale and Purchase Agreement with
Boliden AB ("Boliden") to sell its Kevitsa nickel-copper-platinum group elements mine ("Kevitsa") in
Finland (the "
Sale").
Under the terms of the Sale,
Boliden will acquire Kevitsa for a cash consideration of
US$712 million subject to customary adjustments. The Sale is subject to requisite competition approvals and other typical closing conditions and is expected to close during
May 2016.
Philip Pascall, Chairman and CEO noted: "This transaction is one of the initiatives within our plan, announced in
October 2015, aimed at strengthening the Company's balance sheet and improving its capital structure to better suit the development and start-up timetable of the Cobre Panama project. We are continuing to advance other strategic initiatives, which are expected to be finalized at various times over the next several months, to meet those objectives."
___________________________________________________ http://canadastockjournal.blogspot.com/2016/02/first-quantum-minerals-ltd-fmt.html
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