First Quantum cuts guidance on Zambia sequencing
The company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.
Crowflight Minerals of Vancouver is making a $30-million private placement, part of which is earmarked for acquiring mining equipment and restarting the Bucko Lake nickel mine in the Thompson nickel belt near Wabowden. Part of the money is also to be spent to pay creditors and retire a portion of the company’s convertible debenture. Canadian Mining Journal reports:
