FQM dismisses rumours of mine sale as false


FIRST Quantum Minerals (FQM) has dismissed rumours that it was planning to sell Zambian mining assets.

Recently, international media outlets reported that First Quantum Mineral was in discussions to sell a stake in its Zambian operations to Jiangxi Copper Corporation following the financial challenges the Canadian miner was facing.

But in a media statement on Tuesday, FQM Country Manager, Godwin Beene, dismissed rumours that it was in talks to sell a stake in its Zambian copper mines as false.

Read more: FQM reportedly in talks with Jiangxi to sell stake in Zambian copper mines

FQM operates the Kansanshi copper mine and smelter in Solwezi, the Sentinel copper and the Enterprise nickel mines in Kalumbila District.

Beene said its Zambian mines were part of a global metals and mining business producing mainly copper, gold and nickel with assets in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.

“There is no truth in the report that First Quantum is in discussions to sell a stake in its Zambian operations to Jiangxi Copper Corporation, or indeed any other company,” he said.

Beene added that it remained fully committed to Zambia operations and the associated economic and social contributions to the country.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.


Govt hints at Kwacha making a rebound, as $80 million Mopani capital injection expected in few days (video)

Previous article

Zambia, Cameroon play one-all draw in international friendly match ahead AFCON24

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Economy