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FQM Refutes False Sale Rumours of Zambian Mines

In response to recent speculations, First Quantum Minerals (FQM) has vehemently denied any discussions about selling a stake in its Zambian copper mines. 

The mining giant, known for its extensive operations in Zambia and worldwide, clarified that there is no truth to the rumoured negotiations.

FQM, a prominent player listed on the Toronto Stock Exchange, operates key assets such as the Kansanshi copper mine and smelter in Solwezi, along with the Sentinel copper and Enterprise nickel mines in Kalumbila District. These mines contribute significantly to the global metals and mining business, specializing in copper, gold, and nickel.

Dr. Godwin Beene, FQM’s Country Manager, firmly addressed the media, stating, “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. 

As the nation’s largest taxpayer, we remain fully committed to our Zambia operations and the associated economic and social contributions to the country.”

First Quantum Minerals emphasized its unwavering dedication to the Zambian operations and highlighted the substantial economic and social impact these mining activities bring to the nation. 

The company, with a diversified portfolio spanning Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina, and Peru, aims to dispel any misinformation surrounding its commitment to the Zambian mining sector.

As the mining industry continues to be a critical contributor to Zambia’s economy, FQM’s assurance of its steadfast presence seeks to alleviate concerns and maintain confidence in the stability of the country’s mining landscape.

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