|Day's Range||11.49 - 12.07|
|52 Week Range||7.77 - 17.55|
|PE Ratio (TTM)||145.75|
|Dividend & Yield||0.01 (0.08%)|
|1y Target Est||N/A|
A row that saw a state-owned Zambian company sue Canadian miner First Quantum Minerals for $1.4 billion is likely to be resolved by June, the southern African nation's presidency said on Saturday. First Quantum asked a Zambian court in February to dismiss the suit from Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), which is 77 percent state-owned and holds minority stakes in most of the country's copper mines. Presidential spokesman Amos Chanda told Reuters the finance minister had written to First Quantum and the company agreed to begin talks with the government on May 30.
Canada's main stock index turned positive after hitting a five-month low in morning trade on Thursday, boosted by a rebound in heavyweight financial stocks, while mining stocks were lower, along with prices ...
Zambia is close to reaching an agreement with mining companies over its plans to increase electricity prices, Finance Minister Felix Mutati said on Wednesday. The government last month proposed introducing a flat tariff of 9.30 U.S. cents/kilowatt hour (kWh) backdated to January for mining companies, instead of individually negotiated rates that have averaged 6 U.S. cents/kWh, but mining companies opposed the plan. A team headed by the minister of energy was due to hold talks with mining companies this week, including First Quantum Minerals,.