for the quebec federation of municipalities see f d ration qu b coise des municipalit s. first quantum minerals ltd. type public traded as tsx fm lse fqm s & p tsx 60 component industry mining founded 1996 headquarters vancouver bc canada key people philip k.r. pascall number of employees 1 800 2008 1 website www.first quantum.com first quantum minerals ltd. is a vancouver british columbia based mining and metals company whose principal activities include mineral exploration development and mining . first quantum s common shares are listed for trading on the toronto stock exchange in canada symbol fm and the london stock exchange symbol fqm in the united kingdom . contents 1 recent acquisitions 2 recent news 3 operations 3.1 zambia 3.1.1 joint venture 3.2 democratic republic of the congo 3.3 other 4 see also 5 references 6 external links recent acquisitions edit in 2006 first quantum acquired london based adastra minerals for 245m in cash and stock . in 2008 first quantum acquired toronto based scandinavian minerals ltd developing the kevitsa project in finland in december 2009 first quantum acquired the ravensthorpe nickel mine for us 340 million from bhp billiton . 2 in october 2010 first quantum announced plans to acquire antares minerals for 450 million . 3 in november 2010 first quantum sold its stake in equinox minerals . 4 in april 2013 first quantum successfully completes hostile takeover of inmet mining corporation for 5.1 billion canadian dollars . recent news edit in june 2013 it was announced that fqm would have to lay off 500 workers at the sentinel mine in zambia as it could not sustain their upkeep while waiting for the lifting of a protection order on its operations from the zambia environmental management agency . 5 in july 2013 the company received the best mining industry award at the zambia international trade fair . 6 operations edit zambia edit kansanshi mine near solwezi . main product copper by product gold . open pit mine opened in 2005 mopani copper smelter . bwana mkubwa copper sx ew plant . 7 joint venture edit at the end of september 2012 first quantum minerals announced that it had entered into a joint venture with a zambian based mining company called mimosa resources . the purpose of the venture is to develop the fishtie copper project in the central province of zambia in the mkushi district near the border with the democratic republic of congo . 8 democratic republic of the congo edit the kolwezi tailings project was a major project to extract copper and cobalt from tailings of older mining operations around kolwezi . it was expected to produce around 70 000 tonnes per year of copper metal and up to 14 000 tonnes per year of cobalt hydroxide . 9 in august 2009 the drc government revoked first quantum s license due to a dispute over renegotiating the contract . 10 first quantum stopped operations in september 2009 throwing about 700 people out of work . 11 first quantum had spent 750 million on acquiring and developing the property . first quantum took out an action against the drc government in the international chamber of commerce court of arbitration . 12 the frontier mine is an open pit copper mine located near sakania . first quantum obtained exploration licenses in january 2001 and july 2002 . production began in 2007 and in 2010 the mine yielded 322 700 tonnes of copper . 13 the lonshi mine is an open pit copper mine that produces high grade oxide ore that was transported to zambia for processing at the bwana mkubwa sx ew plant 35 kilometres 22 mi away . the mine was closed after the governor of katanga province moses katumbi banned the export of ore to zambia insisting that it should be refined in katanga . 14 in may 2010 a congolese court ruled that fqm s lonshi and frontier copper mines had been awarded illegally and that they should revert to state owned sodimico . 15 according to fqm the ruling was due to fqm s decision to contest the expropriation of their kolwezi tailings project which was later sold to the kazakh mining company eurasian natural resources corporation . 16 other edit guelb mohgrein mine near akjoujt mauritania . main product copper by product gold . open pit mine opened 2006 kevitsa project sodankyl finland . main products nickel & copper by product pge elements . open pit mine to be opened in the future see also edit companies portal bhp billiton ravensthorpe nickel project references edit company profile for first quantum minerals ltd ca ; fm . retrieved 2008 10 08 . canada s first quantum wins bid to revive ravensthorpe nickel mine the australian published 10 december 2009 accessed 10 december 2009 mining journal first quantum to acquire antares for c 460 million . retrieved 2010 10 18 . mining journal first quantum sells equinox stake for c 653 million . retrieved 2010 11 10 . zambia fqm to lay off 500 workers africa allafrica.com 2013 zambia fqm gets best mine award international reuters 2013 andrew lanham 5 august 2005 . kansanshi shows its mettle . mining weekly . retrieved 2011 11 07 . fqm mimosa ink mine deal international equities.com 2012 retrieved 28 september 2012 kingamyambo musonoi tailings sarl . international finance corp. retrieved 2011 11 04 . tim webb 6 september 2010 . mining companies clash over congo copper mine . the guardian . retrieved 2011 11 07 . first quantum minerals suspends kolwezi tailings copper mine development . proactive investors . 18 sep 2009 . retrieved 2011 11 07 . chanel de bruyn 30 august 2010 . drc withdraws permit for first quantum s frontier mine . mining weekly . retrieved 2011 11 07 . frontier project . 24hgold . retrieved 2011 11 04 . jon a. nones 2007 12 17 . first quantum reopens frontier lonshi mine remains closed . resource investor . retrieved 2011 11 07 . brenda bouw may 25 2010 . investors flee copper miner first quantum . globe and mail . retrieved 2011 11 07 . congo minister denies reports of mine stake sale . reuters . aug 17 2011 . retrieved 2011 11 08 . external links edit first quantum minerals official site sedar profile v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold retrieved from https en.wikipedia.org w index.php title first quantum minerals & oldid 743759699 categories copper mining companies of canadagold mining companies of canadanon renewable resource companies established in 19961996 establishments in canadacopper mining in the democratic republic of the congocompanies listed on the toronto stock exchanges & p tsx composite indexs & p tsx 60 index navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran aissuomi edit links this page was last modified on 11 october 2016 at 03 20 . text is available under the creative commons attribution sharealike license ; 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