Monday, December 18, 2017

First Quantum Minerals Ltd. - FM.t

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 December 18, 2017 the company released News
First Quantum Minerals Ltd. today announced that it has entered into a framework agreement with Northern Dynasty Minerals Ltd. (TSX: NDM) which contemplates that an affiliate of the Company will subsequently execute an option agreement with Northern Dynasty. Within five business days of the execution of the framework agreement, the affiliate of the Company will make a payment of US$37.5 million to Northern Dynasty. The Early Option Price Instalment will be applied solely for the purpose of progressing the permitting of the Pebble Project.