MiningOctober 15, 2021

FIRST QUANTUM ANNOUNCES NEW $2.925 BILLION SYNDICATED BANK FACILITY
–(In United States dollars, except where noted otherwise) Toronto, Ontario (October 14, 2021) – First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) today announced that it has signed a new $2.925 billion Term Loan and Revolving Credit Facility (the “Facility”). This new Facility replaces the existing $2.7 billion Term Loan and Revolving Credit […]

MiningJuly 30, 2021

STRONG COPPER PRICE PUTS FQM ON COURSE FOR DEBT REDUCTION
The mining firm is well on its way to achieving its targeted gross debt reduction of at least $2 billion in 2022 LUSAKA, ZAMBIA – First Quantum Minerals (FQM) has recorded solid operational and financial performance in the second quarter of 2021 according to the mining company’s global quarterly results. This achievement puts the mining giant […]

MiningMay 3, 2021

FQM HAUL ROAD INVESTMENT SAVES $5M IN TYRE WEAR
SOLWEZI, ZAMBIA – Investment in design and management of its haul road network has reduced annual spending on the haul fleet at First Quantum Minerals’ Kansanshi Mine by US$5 million. Good pit road maintenance has reduced damage to the tyres – worth US$31,000 each – on its fleet of 82 massive US$3.8 million haul trucks that […]

MiningMay 3, 2021

SENTINEL’S FIRST QUARTER PRODUCTION UP 3 PERCENT
KALUMBILA, ZAMBIA – Production at First Quantum Minerals’ Sentinel Mine for the first quarter of 2021 was broadly in line with the company’s expectations, with production increasing by 3% year-on-year, according to the company’s latest results announcement to shareholders. Innovation helped ensure robust management of costs, reducing the unit cost of production, but savings were outwe

MiningApril 8, 2021

FQM REVEALS THE INNOVATION CULTURE BEHIND ITS SUCCESS
Zambia’s largest mine credits ‘a culture of innovation’ among its staff for its efficiency   SOLWEZI, ZAMBIA – Zambia’s mining sector has faced significant challenges over the last decade due in part to fluctuating commodity prices, unstable taxes and most recently, the outbreak of COVID-19. Despite the many obstacles in the sector however, the country’s biggest […]

Economy, OpinionApril 2, 2021

FQM SPENDS US$1.65 BILLION IN ZAMBIA IN 2020
More than 2,500 locally registered companies benefit from mine procurement   SOLWEZI, ZAMBIA – Zambia’s largest mining company, First Quantum Minerals (FQM), is forging ahead in its quest to engage more local people in its supply chain to strengthen Zambian-owned businesses and boost the local economy. The company procured US$1.65 billion (K36.3 billion) of goods and […]

MiningMarch 22, 2021

EFFICIENT LOGISTICS AND FREIGHT MOVEMENT IS KEY TO THE GROWTH OF ZAMBIA’S MINING SECTOR
Logistical operations and freight movement have continued to play a vital role in the growth of the mining sector in Zambia. Mining, as a business has a delicate value chain that must operate at optimal efficiency at every stage for that value chain to remain viable. An efficient transport sector that connects key industries to […]

MiningFebruary 24, 2021

ANTHONY MUKUTUMA: THE MINING GLOBETROTTER AT THE HEART OF FQM
SOLWEZI, ZAMBIA – Anthony Mukutuma was recently appointed General Manager at First Quantum Mineral’s Kansanshi mine in Solwezi, North-Western Province. He grew up in the mining town of Kabwe in Central Zambia. His upbringing developed his interest and passion for mining at an early age. As a child, Mr Mukutuma was fascinated by the mining process: […]

MiningFebruary 20, 2021

BWALYA MUSONDA: RECORD-BREAKING FQM ROPE SHOVEL OPERATOR SHARES HIS SKILLS
Former cleaner demonstrates opportunities for training and promotion KALUMBILA, ZAMBIA – Meet Bwalya Musonda, who through hard work and determination graduated from workshop cleaner to a productive rope shovel operator. And now he is passing on his vast skills, experience and knowledge to a new generation of operatives as the world’s best rope shovel training supervisor […]

MiningFebruary 18, 2021

SENTINEL COPPER PRODUCTION BOLSTERED JOB RETENTION IN 2020, SAYS FQM
LUSAKA, ZAMBIA – Despite unprecedented challenges driven by COVID-19, First Quantum Minerals (FQM) achieved the highest-ever annual copper production at its Sentinel mine in Kalumbila in 2020, helping to support job retention in the process. The mine in North-Western Province recorded a 14% year-on-year increase in its annual copper production for the year, producing 251,216 tonnes [&hellip