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08.07.2015 12:39:00
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First Quantum Minerals Ltd -- Moody's: FQM's outlook remains negative despite $1.1 billion cash injection
London, 08 July 2015 -- Moody's Investors Service says that First Quantum Minerals Ltd (FQM, B1 negative) plans to use the proceeds of its recent $1.1 billion equity offer to fund capital investment rather than permanently pay down debt, weakening its credit metrics and placing continued pressure on its negative outlook, in a report published today.
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