First Quantum Minerals Ltd. (FM.TO,FQM.L) announced the finalization of the acquisition of the Ravensthorpe Nickel Operation in Western Australia following the receipt of the relevant Government approvals. The acquisition would take effect on February 10, 2010.
The company said it is planning to spend the next 12 months constructing 2 crushing plants in the modification of the crushing, conveying, stockpile and reclaim areas of the plant and is expected to be followed by about 6 months of commissioning and ramp-up. The capital requirement for the modification is projected at about US$150 million, depending on currency exchange rates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.