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First Quantum Minerals
Type Public (TSXFM)
Founded 1996
Headquarters Vancouver, BC, Canada
Key people Philip K.R. Pascall
Industry Mining
Employees 1,800 (2008)[1]
Website www.first-quantum.com

First Quantum Minerals Ltd. (TSXFM) is a Vancouver, British Columbia based mining and metals company whose principal activities include mineral exploration, development and mining.

First Quantum's common shares are listed for trading on the Toronto Stock Exchange in Canada (symbol "FM"), the London Stock Exchange's Alternative Investment Market (symbol "FQM") in the United Kingdom.

Contents

Recent acquisitions

  • In 2006 First Quantum acquired London-based Adastra Minerals for $245m in cash and stock.
  • In 2008 First Quantum acquired Toronto-based Scandinavian Minerals Ltd developing the Kevitsa project in Finland
  • In December 2009, First Quantum acquired the Ravensthorpe Nickel Mine for US $ 340 million from BHP Billiton.[2]

Operations

  • Kanshansi Mine, near Solwezi, Zambia. Main product copper, by-product gold. Open-pit mine, opened in 2005
  • Guelb Mohgrein Mine, near Akjoujt, Mauritania. Main product copper, by-product gold. Open pit mine, opened 2006
  • Frontier Mine, near Sakania, DR Congo. Main product copper. Open pit mine opened in 2007
  • Lonshi Mine, DR Congo, main product copper. Open pit mine closed in 2008. Possible site for a future underground mine
  • Mopani copper smelter, Zambia
  • Kolwezi tailings project, Kolwezi, DR Congo. Main product copper, by-product cobalt. Processing of old tailings, set to commence in 2010
  • Kevitsa project, Sodankylä, Finland. Main products nickel & copper, by product PGE elements. Open pit mine to be opened in the future

References

Bwana mkubwa mine Location: Zambia Nearest Landmark: NDOLA Distance from Landmark: 5 km Direction from Landmark: SE Latitude: 12 Degrees 59 Minutes (South) Longitude: 28 Degrees 42 Minutes (East) First Quantum Minerals’ Bwana Mkubwa copper processing plant near Ndola in Zambia was originally built as a five year life short-term plant with a capacity of 10,000 tonnes of finished copper a year. The original tailings facility the plant was founded to process is long since exhausted, and Bwana Mkubwa obtains its ore from the Lonshi mine over the border in the Democratic Republic of Congo.

External links

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