First Quantum Rises on Reported Manara Asset Deal Talks (1)

(Adds share move to headline, first paragraph)

First Quantum shares climb as much as 4.1% in Toronto, the most intraday since Sept. 26, after Reuters reported that Manara Minerals is in advanced talks to buy between 15% and 20% of its Zambian copper and nickel assets.

• The stake could be worth between $1.5 billion and $2 billion, one of the people told Reuters
• First Quantum’s sale of a stake in the Zambian assets could be concluded by year-end
• First Quantum and Manara Minerals declined to comment to Reuters

--With assistance from Geoffrey Morgan.

To contact the reporter on this ...