EXPLORATION & DEVELOPMENT

Billiton buys into First Quantum's Zambian prospects

CANADA'S First Quantum Minerals and Billiton have struck a deal aimed at further exploring the Mwinilunga and Luamata copper prospects in Zambia.

Tim Treadgold

First Quantum said in a statement that Billiton had contributed C$1 million via a private placement of First Quantum shares with a minimum of C$600,000 being allocated to exploring the two prospects. ...

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