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Posts tagged as “First Quantum Minerals”

First Quantum Minerals

FQM Trident pledges to prioritise workers’ safety

By DERRICK SILIMINA – TRIDENT Limited marked the 2024 World Safety Day with a resolute call for vigilance and adherence to safe work practices, emphasising the paramount importance of workers safety.At the mine site in Kalumbila District, First Quantum Minerals (FQM) Trident Safety and Health Manager Atkins Sitwala said the company’s production objective was on […]

K43.3bn from mining tax!

By CHATULA KANGALI – TAX payments from the mining sector rose by 11 per cent to K43.3 billion, according to the latest independently audited report from the Zambia Extractive Industries Transparency Initiative (ZEITI).The report indicates total revenues received by the Government from the mining sector rose to more than K43.3 billion in 2022, a significant […]

FQM assures on $1.25bn expansion project

By CHATULA KANGALI – FIRST Quantum Minerals (FQM) Limited has pledged its commitment to delivering the $1.25 billion ‘S3 Expansion’ project at the Kansanshi Mine, North-Western Province in line with the 2023 Preliminary Production and 2024-2026 guidance.In May 2022, FQM reinforced its commitment to Zambia by investing $1.25 billion in the Kansanshi mine, the largest […]

FQM, Mimosa sign Kashime deal

By CHATULA KANGALI – FIRST Quantum Minerals (FQM) and Mimosa Resources (Mimosa) have signed a revised Kashime Development Agreement, a joint commitment to fast track the development of Fishtie Copper project in Mkushi.Under the agreement, mining is expected to commence in 2026, ramping up to a maximum production of 30 000 tonnes of copper a […]

Zesco, FQM in 10-year power deal

By JAMES KUNDA – ZESCO Limited and First Quantum Minerals (FQM) have signed a 10-year power supply agreement to Kansanshi and Sentinel mines in North-Western Province.Speaking during the signing ceremony in Lusaka yesterday, Zesco managing director Victor Mapani said the agreement was a significant step towards ensuring a commercially and legally sustainable relationship which aligned […]

Indeni regains stability

By CHATULA KANGALI – INDENI Energy Company has regained stability and is now making steady progress in its operations as an Oil Marketing Company (OMC) with the firm expected to soon enter the petrol and jet fuel marketThe company has been supplying diesel to First Quantum Minerals (FQM) for the past two months.Managing Director Evans […]

FQM founder Philip Pascall dies

By JAMES MUYANWA – FIRST Quantum Minerals (FQM) founder and chairperson Philip Pascall is dead.Mr Pascall died peacefully at home in Perth, Western Australia yesterday, FMQ management confirmed in a statement yesterday.He co-founded FQM in 1996, serving as the chairperson since its inception and chief executive officer until 2022.FQM owns and runs the Kansanshi and […]

UPND Govt’s two years of mining stewardship

AS Zambia observes the declaration of President Hakainde Hichilema as the winner of 2021 general elections two years ago today, it is important to look back at major developments and reforms in the mining industry.In the main, it seems the sector will continue occupying special place in the economic sector of the country.There is no […]

First Quantum Minerals Appoints New CEO

[Times of Zambia] First Quantum Minerals (FQM) has appointed chief operating officer Tristan Pascall as the new chief executive officer effective May next year.

Kansanshi Copper Output Up Seven Percent

[Times of Zambia] Copper production at First Quantum Minerals (FQM)-owned Kansanshi Mine increased by seven per cent during the first quarter of 2016.

Esther Lungu Salutes FQM, Kalumbila

[Times of Zambia] First Lady Esther Lungu has paid tribute to First Quantum Minerals and Kalumbila Minerals Limited for their transformational community programmes which have raised standards of living in Solwezi and Kalumbila districts.

ZINGO Spreads Net Wider

[Times of Zambia] The Zambia Interfaith Networking Group (ZINGO), in collaboration with First Quantum Minerals (FQM) Kansanshi Mining, has reached out to 414 people in the Protect and Educate a Girl-Child project aimed at reducing teenage pregnancies a...

FQM Records U.S.$420 Million Loss

[Times of Zambia] First Quantum Minerals (FQM) has recorded a loss of more than $420 million after posting revenue of $673 million for the third quarter of 2015.

FQM Drops On Global Rating

[Times of Zambia] GLOBAL ratings agency Moody's Investor Service has downgraded its outlook on First Quantum Minerals (FQM) to B1 negative as the mining firm faces challenges of falling copper prices and restricted power supply.

‘Kansanshi Mine Has Light At End of Tunnel’

[Times of Zambia] Technical assessments have confirmed Kansanshi Mine's long-term future by the measurement and indication of 840 million tonnes worth of mineral resources, First Quantum Minerals (FQM) has indicated.

FQM Boosts Public Coffers

[Times of Zambia] First Quantum Minerals (FQM) has remained a major contributor to the Zambian public coffers having contributed more than US$3 billion in the last decade.

FQM Boosts Public Coffers

[Times of Zambia] First Quantum Minerals (FQM) has remained a major contributor to the Zambian public coffers having contributed more than US$3 billion in the last decade.

FQM Fire Israel Mwanza

[Times of Zambia] STRUGGLING FAZ Division One north side, First Quantum Minerals (FQM) has fired head coach Israel Mwanza.