First Quantum Minerals Ltd. | Africa Business Directory

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First Quantum Minerals Ltd.
Zambia

First Quantum Minerals Ltd. is a growing mining and metals company engaged in mineral exploration, development and mining. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid.

The Company's assets in Zambia include the 80% owned Kansanshi open pit copper-gold mine, the 100% owned Fishtie copper project and the 100% owned Bwana Mkubwa SX/EW facility and sulphuric acid plants. First Quantum also holds strategic investments in Mopani Copper Mines (16.9%), operator of the Nkana underground copper mine and cobalt refinery and the Mufulira underground copper mine, smelter and copper refinery, as well as Equinox Minerals Ltd. (16.32%), a publicly-traded company that operates the Lumwana copper mine. 

In the Democratic Republic of Congo, First Quantum operates the 95% owned open pit Frontier copper mine and is currently developing the 65% owned the Kolwezi copper-cobalt tailings project. In Mauritania, First Quantum operates the 80% owned Guelb Moghrein copper-gold mine. In Finland, the Company owns the 100% Kevitsa nickel-copper-PGE project.

First Quantum produced 334,400 tonnes of copper, sold 121,800 ounces of gold and generated US$1.7 billion of revenues in 2008.
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