First Quantum Minerals Reports Strike Action at its Cayeli Mine
TORONTO, ONTARIO--(Marketwired - Nov 3, 2015) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today reported that collective bargaining between the Company's wholly-owned subsidiary Çayeli Bakir Isletmeleri A.S. and its mining workers' union has failed to reach an agreement. As a result, the union started strike action at the Çayeli copper-zinc mine on October 30, 2015. Activity at the mine site will be limited to the areas of environment and safety, mine dewatering, and underground rehabilitation.
The Company remains open to reaching an agreement with the union within the parameters of the Company's cost constraints and considering the prevailing base metals market.
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall, President
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Listed in Standard and Poor's
Contact
North American contact:
Sharon Loung
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818
sharon.loung@fqml.com
United Kingdom contact:
Clive Newall
President
+44 140 327 3484
+44 140 327 3494
clive.newall@fqml.com
www.first-quantum.com