FOR IMMEDIATE RELEASE
WITH PICTURE
FEBRUARY 5, 2025
FQM STANDS WITH GOVERNMENT TO SHAPE THE NEW GLOBAL MINING LANDSCAPE
CAPE TOWN, SOUTH AFRICA – First Quantum Minerals (FQM) joined mining industry leaders from around the globe in Cape Town this week to reinforce its commitment to Zambia and support the government’s vision of producing 3 million tonnes of copper a year.
FQM Director of Corporate Affairs John Gladston shared the platform at the Investing in African Mining Indaba in South Africa with Minister of Mines and Minerals Development Hon. Paul Kabuswe, Zanaco chief executive Mukwandi Chibesakunda and Copperbelt Energy Corporation chief executive Mutale Mukuka. The panel was moderated by Beltz Mining managing director Nkandu Beltz, MD.
First Quantum was proud to support government’s goal and position Zambia as a global leader in copper production, said Mr Gladston, who outlined its key initiatives to help government lay a foundation for the country’s mining success.
Once opened later this year, the company’s US$1.25 billion investment in its S3 expansion project at Kansanshi mine in Solwezi is expected to increase ore processing capacity by 25 million tonnes a year, from the current 30 million tonnes, and extend the life of the mine by more than 20 years.
Reliable energy supply will also be vital in achieving the 3 million tonne target, and Mr Gladston outlined a series of energy generation projects and grid stabilisation infrastructure upgrades the company is working on in partnership with ZESCO that will add some 500MW of new renewable generation before the end of the decade.
Such investment, which includes a solar and wind project with TotalEnergies, also complements FQM’s strategy of investing in innovation – including electric trucks and Quantum Electra-Haul, the company’s patented trolley-assist solution – to create fully electric mines.
FQM has also recently supported further exploration in Zambia by handing over to government a high-resolution airborne survey mapping 80,000km of Zambia’s Copperbelt Province that provides critical data to prioritise high-potential exploration areas, helping identify Zambia’s next major copper discoveries and establishing a foundation for new resource development and investment.
“First Quantum Minerals is a growth partner for Zambia’s present and future. We are committed to maintaining this partnership and advocate for government to maintain regulatory regime stability so more large-scale mines like Kansanshi and Trident can come online and contribute to the 3 million tonne goal,” said Mr Gladston.
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About First Quantum Minerals Ltd
About First Quantum Minerals Ltd
First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and nickel. The company’s assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.
In 2024, First Quantum globally produced 431,000 tonnes of copper, 139,000 ounces of gold and 24,000 tonnes of nickel.
In Zambia it operates the Kansanshi mine and smelter in Solwezi, and the Sentinel copper mine and the Enterprise nickel mine in Kalumbila.
The company is listed on the Toronto Stock Exchange.
http://www.first-quantum.com/
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