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First Quantum Minerals Reports Q2 2010 Production of 85,400 Tonnes of Copper and 51,400 Ounces of Gold
Jul. 20, 2010 03:51PM PST
Gold InvestingFirst Quantum Minerals Ltd. (TSE:FM)(LSE:FQM) reported second quarter production of 85,400 tonnes of copper and 51,400 ounces of gold. Copper production was lower than planned principally due to management’s decision to cut-back capital investment at the Frontier mine during the quarter.
First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) reported second quarter production of 85,400 tonnes of copper and 51,400 ounces of gold. Copper production was lower than planned principally due to management’s decision to cut-back capital investment at the Frontier mine during the quarter.
The press release is quoted as saying:
This decision was a consequence of the uncertainty regarding the Frontier mine following the legal proceedings instigated by the Democratic Republic of Congo state-owned mining agency, Societe de Developpement Industriel et Minier du Congo.
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