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Zambia: FIRST QUANTUM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION

First Quantum Minerals will consolidate the Road and Earthworks Division, Mining Divisions and related supporting services currently carried out by First Quantum Mining Operations Limited (“FQMO”) with the operations at Kansanshi Mining Plc (“KMP”).
FQMO was the original First Quantum Minerals corporate entity in Zambia which operated the Bwana Mkubwa mine. Following the expansion of the First Quantum operations in Zambia, with both the Kansanshi and Sentinel mines, FQMO evolved to house a wide range of business functions to support these operations including mining, road and earthworks, exploration, corporate services, CSR, community health and other services.
The purpose of this consolidation is to re-organise the First Quantum Zambian business operations in a more logical and efficient way by housing all units that solely service Kansanshi under one roof. FQMO will now focus on providing corporate and other services to all FQM Group companies.
In a statement to all FQM Zambia Employees, Rudi Badenhorst, the Chief Operating Office says “We remain highly optimistic about the prospects and outlook for the mining industry in Zambia, and our unwavering commitment to Kansanshi is demonstrated through our substantial investments in the S3 project, smelter upgrade, mine fleet enhancement and other strategic initiatives totaling over USD 1billion over the next 2 years. Consolidating our mining operations at Kansanshi will enable us to better support the roll-out of these projects.”

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 2022, First Quantum globally produced 775,859 tonnes of copper, 283,226 ounces of gold and 21,529 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/

Source:  Langmead & Baker Ltd

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