Canadian-based copper producer First Quantum Minerals is believed to be considering a bid for BHP Billiton’s mothballed Ravensthorpe nickel laterite mine. First Quantum focuses primarily on copper operations in Africa but also has a nickel laterite venture in Finland. First Quantum’s flagship Kansanshi mine in Zambia was built by GRD Minproc, which was a lead contractor during Ravensthorpe’s development. The miner had more than AUD 800 million in cash at 30 September 2009, although a bid for Ravensthorpe would represent a significant shift in geographic focus. BHP is thought to have told prospective bidders that it wants USD 300 million to USD 500 million for Ravensthorpe. In addition, the new owner will face a similar bill to restart the mine and overcome the technical issues that dogged it during its short life. China Metallurgical Group Corp. and Murrin Murrin nickel laterite miner Minara Resources are also considering lodging bids – maybe even a joint offer – while Andrew Forrest is expected to try to find a Chinese partner to back a proposal using his listed vehicle, Poseidon Nickel.