London, 08 June 2016 -- Moody's Investors Service has today upgraded the corporate family rating (CFR) and the probability of default rating (PDR) of First Quantum Minerals Ltd (FQM) to B3 and B3-PD from Caa1 and Caa1-PD, respectively. At the same time, Moody's has upgraded the ratings on all of the senior unsecured notes issued by FQM to Caa1 from Caa2. The outlook on all ratings remains negative.

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