First Quantum rises after booking $1.2bn compensation for Congo confiscation

By Frik Els

First Quantum Minerals (TSX:FM) gained more than 2% on Wednesday after the company reported full year results that included a $1.2 billion one-time payment related to the nationalization of its Frontier copper mine in the Democratic Republic of Congo.

The compensation payment from London-listed miner ENRC  which picked up Frontier on …read more
Source: Mining.com- Copper News