News Articles for First Quantum Minerals

Shares in West Perth-based junior Prospect Resources rose by 30 per cent early on Tuesday, following news of a $15.2 million investment from major copper player First Quantum Minerals.

Two battery metals mines near Ravensthorpe used to support a 400-strong workforce of local residents, but this time next year most of them will be out of a job.

Arcadium Lithium plans to mothball its Mt Cattlin lithium mine north of Ravensthorpe citing the continued slump of spodumene prices.

First Quantum Minerals has slashed its nickel production guidance following its decision to mothball its Ravensthorpe operation earlier this year amid market turmoil.

WA nickel producers will be unable to apply for a royalty relief package announced in February if the price of the commodity remains at its current level.

Canadian-listed First Quantum Minerals will fully wind down its Ravensthorpe nickel operations and cut 330 on-site jobs, as part of its response to depressed market conditions.

Project scale-backs and mine closures have put jobs in the spotlight but the headline figures only tell part of the story.

An urgent meeting between battery metal bosses and politicians must result in measures to reduce costs and improve efficiency to stave off further pain in the sector, WA's peak resources lobby says.

It has been a torrid start to 2024 for WA's nickel miners as ESG credentials appear to take a backseat to low prices for some manufacturers amid global cost of living pressures.

Depressed nickel prices have affected another operation in Western Australia, with mining at TSX-listed First Quantum Minerals' Ravensthorpe project to be suspended as part of a three-year plan.

Senior journalist Matt Mckenzie talks to Jordan Murray about the benefits of payroll tax reform.

Ravensthorpe miner First Quantum Minerals has inked a deal under which it will invest up to $651 million for a majority stake in a copper project in Peru with Rio Tinto.

Sodexo Australia has secured two contracts worth $170 million to provide its accommodation, housekeeping and catering services at sites across Western Australia.

Russia's potential displacement as a nickel trading partner has moved the dial on supply projections.

FQM has returned to environmental regulators to ensure it has sufficient approvals to continue mining at Ravensthorpe until 2041, as it shifts its focus to the Shoemaker-Levy orebody.

First Quantum Minerals has opened a $100 million extension project at the Ravensthorpe nickel mine.

Venus Metals has pounced on a hefty 546 square kilometres of ground prospective for nickel, copper, platinum group elements, gold and rare earths in the Gascoyne region of Western Australia. Two of the new licences, one granted and one under application, adjoin tenure hosting a 1km-long outcropping structure where rock chip samples have returned 1 per cent copper and 0.6 per cent nickel.

Toronto-listed First Quantum Minerals will sell 30 per cent of the Ravensthorpe nickel mine to South Korean Posco for $CAD240 million, with plans to consider battery precursor materials.

Construction company Hanssen, earthworks contractor Screenwest and nickel miner First Quantum Minerals have each been fined in the past week over workplace safety breaches.

Civil and mining contractor MACA has secured another contract with First Quantum Minerals, worth $20 million, and further contracts with VicRoads totalling $19.5 million, while also announcing the closure of its Brazil operations.

First Quantum Minerals has reached a new milestone as it moves closer to re-opening its Ravensthorpe nickel project, while fellow nickel miner Western Areas has signed new offtake contracts with BHP and Jinchuan.

Mining contractor MACA has secured open pit mining works for the restart of First Quantum Minerals' Ravensthorpe nickel mine, which it said would generate $480 million in revenue over an initial five-year term.

The restart of the Ravensthorpe nickel project has officially commenced amid surging prices of the commodity, as owner First Quantum Minerals launched a recruitment drive to fill at least 350 direct roles at the mine.

ANNIVERSARY SPECIAL: WA's mining industry has undergone a dramatic transformation over the past quarter of a century, with iron ore replacing gold as the state's most valuable commodity.

There may be some positive news for two beleaguered WA mining projects.

The founders of four Western Australian businesses, in industries ranging from mining software and horticulture to construction and industrial equipment, have been selected as finalists in the 2017 EY Entrepreneur Of The Year awards.

This week's announcement that First Quantum Minerals plans to close its Ravensthorpe nickel mine, at a cost of 450 jobs, has overshadowed several positive developments in the nickel sector.

Kalgoorlie's gold and nickel sectors could benefit if Donald Trump follows through with some of his plans.

Caravel Minerals believes its Calingiri copper mine is set to be an outstanding project, based on a detailed scoping study that it believes is a best-case example of what listed companies need to prepare in order to meet current disclosure rules.

Does BHP Billiton really want to expand its loss-making Nickel West division, or is it engaging in a strange game of promoting an expansion plan of the Western Australian business in order to restart the sales process that collapsed last year?

Some ill-advised business decisions are coming back to haunt some of well-known local resources players.

It's likely more nickel operations will need to be closed before there's any improvement in prices for the steel-making commodity.

Iron ore producers, and the WA economy, need to prepare for more sluggish demand from China if the findings of a major investment bank are accurate.

Nickel producers are waiting for one of their cohort to ‘blink' first, as overproduction and sluggish demand threaten the sector's viability.

West Perth-based junior miner African Energy Resources has farmed out a 51 per cent stake in its Sese coal and power project in Botswana to a Vancouver-based firm for $8 million.

Copper today, nickel tomorrow?

Global miner First Quantum Minerals is set to purchase a stake in West Perth copper junior Caravel Minerals, adding to its interests in Western Australia.

A move by the Indonesian government to boost activity in its nickel mining sector could have a positive spin-off for Australian miners.

THE purchase of BHP Billiton's Ravensthorpe nickel mine is set to shine the spotlight on First Quantum Minerals, an international mining company founded in Perth 13 years ago.

Canadian miner First Quantum Minerals is budgeting a further $US150 million to bring the Ravensthorpe nickel mine into production within 18 months, after it today announced it had bought the operation from BHP Billiton.