FOR IMMEDIATE RELEASE
WITH PICTURE
FEBRUARY 21, 2022

FQM’S KALUMBILA MINERALS LIMITED RE-BRANDS

KALUMBILA, ZAMBIA – Kalumbila Minerals Limited has changed its trading name to ‘FQM Trident Limited’ – a name that incorporates the mining firm’s identity as a First Quantum Minerals-owned company and is inclusive of all the Trident Project operations.

Since its inception, the company’s mining operations and project has incorporated three mining licences, namely Sentinel, Enterprise, and Intrepid which collectively make up ‘The Trident Project.’

Constructed over four years from 2012, the mine represents US$2.1 billion of investment – Zambia’s largest infrastructure investment since the Kariba Dam was constructed in 1959. The operation is based on sophisticated technology – including the world’s largest steel-ball mills and the world’s largest semi-mobile rope shovels.

“From our original trading name, Kalumbila Minerals Limited, our mining site was commonly referred to simply as ‘Kalumbila,’” explained FQM Trident Ltd’s General Manager, Sean Egner.

“This has been a source of confusion and misunderstanding with the names of the town and district being the same. Additionally, in all our communications and letterheads we have made use of either ‘The Trident Project, Sentinel Mine’ or ‘Kalumbila Minerals Limited’ and sometimes both. The name change will reduce the ambiguity and confusion that the old name caused,” he added.

The rebranding process is expected to be completed during the first quarter of 2022. Thereafter, all communications and correspondence will be transitioned to reflect FQM Trident Limited.

“FQM Trident Limited will remain a fully owned subsidiary of First Quantum Minerals Limited as there is no ownership or control structure change. There will be no changes to conditions of employment or any effect to the day-to-day operations at Sentinel and Enterprise Mines,” Mr Egner noted.

FQM Trident Ltd employs over 6,000 people – predominantly Zambian nationals.
The mine’s presence in Kalumbila District, and North-Western Province as a whole, has had a positive impact on the area’s economy with several off-shoot businesses in transportation, agriculture, hospitality, and other services emerging to cater to the needs of the mine, its employees, and subcontractors.

-Ends-

About First Quantum Minerals Ltd
First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and zinc. The company’s assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.
In 2021, First Quantum globally produced 816,435   tonnes of copper, 312,492 ounces of gold and 16,818 tonnes of nickel.
In Zambia it operates the Kansanshi mine and smelter in Solwezi and the Sentinel mine in Kalumbila.
The company is listed on the Toronto Stock Exchange.http://www.first-quantum.com/

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