First Quantum Minerals Ltd., a copper and nickel miner, will decide this year whether to spend $500 million to boost its Zambian smelter’s capacity two-thirds after the government reinstated an export tax on raw minerals.
First Quantum Minerals Ltd. , a Canadian mining company that produces copper in Africa, said it’s considering seeking compensation of more than $1 billion from Eurasian Natural Resources Corp. to cover financial losses at the Kolwezi project in the Democratic Republic of Congo.
First Quantum Minerals Ltd. plans to hold on to all of Inmet Mining Corp.’s operating assets and most of its employees after getting shareholder support for a C$5 billion ($4.9 billion) hostile takeover.
First Quantum Minerals Ltd. , fighting for rights to the Kolwezi project in the Democratic Republic of Congo, began legal action against subsidiaries of Eurasian Natural Resources Corp. and will seek an injunction against the use of its equipment and plant there.
Eurasian Natural Resources Corp. , the mining company that last month bought rights to the Democratic Republic of Congo’s Kolwezi project, defended the acquisition after previous owner First Quantum Minerals Ltd. said it may sue the company.