Latest news with #FirstQuantumMinerals
Zawya
16 hours ago
- Business
- Zawya
First Quantum Minerals' Zambian Country Manager Joins African Mining Week (AMW) 2025
Godwin Beene, Country Manager for Zambia at mining firm First Quantum Minerals, will speak at the upcoming African Mining Week (AMW) conference – Africa's premier event for the mining sector. During the event, Beene will join a high-level panel discussion titled Zambia: Accelerating Exploration and Development Through License Allocation and Global Partnerships, where he is expected to share insights into the company's Zambian strategy. Beene's participation at AMW 2025 comes as Zambia intensifies efforts to attract global investment and scale-up copper production to three million tons per annum by 2031. As a key player in the market, First Quantum Minerals plays a pivotal role in driving Zambia's mining sector forward. Beene's participation at AMW 2025 presents an opportunity for the company to engage with potential partners, investors and service providers aligned with the company's long-term strategy. AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ First Quantum Minerals continues to advance several impactful mining operations in Zambia. At the Kansanshi Mine, the company produced 46,544 tons of copper in Q1, 2025 alone, with a full-year target of 190,000 tons of copper and 110,000 ounces of gold. The Kansanshi S3 Expansion Project is also on track to begin production this year, setting the stage for increased output in the coming years. The S3 Expansion Project comprises an expanded mining fleet and smelter as well as the development of the South East Dome pit and a new processing plant. This will increase the life of mine until 2040. Meanwhile, Sentinel Mine reported 46,361 tons of copper production in Q1, 2025, with aims to reach 230,000 tons by year-end. At the Enterprise Nickel Mine - situated 12 km from the Sentinel copper mine - the company produced 4,649 tons of nickel during Q1, 2025, increasing output by 25% compared to the previous quarter. The company plans to produce 25,000 tons of nickel in 2025 at the mine, with a focus on ore quality and grade control. At AMW 2025, Beene's insights will provide greater understanding of these projects, including their impact on Zambia's mining industry. Held under the theme From Extraction to Beneficiation: Unlocking Africa's Mineral Wealth, the event will serve as a key platform for forging global partnerships, accelerating exploration and promoting sustainable growth across the continent's mining sector. With a session focused on Zambia, industry leaders such as Beene will engage with government officials, financiers and technology providers to shape the future of mining in the country. Distributed by APO Group on behalf of Energy Capital&Power.
Business Insider
01-06-2025
- Business
- Business Insider
First Quantum Minerals (FQVLF) Gets a Buy from Goldman Sachs
In a report released yesterday, Marcio Farid from Goldman Sachs maintained a Buy rating on First Quantum Minerals (FQVLF – Research Report), with a price target of C$22.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Farid is a 2-star analyst with an average return of 0.9% and a 46.67% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Vale SA, and Capstone Copper. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Quantum Minerals with a $16.28 average price target. The company has a one-year high of $16.23 and a one-year low of $10.18. Currently, First Quantum Minerals has an average volume of 209.6K. Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock.
Time of India
31-05-2025
- Business
- Time of India
Panama launches maintenance work at contested mine
PANAMA CITY: Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Tired of too many ads? go ad free now Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly.
Yahoo
31-05-2025
- Business
- Yahoo
Panama launches maintenance work at contested mine
Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly. jjr/ag/cms/mtp
France 24
31-05-2025
- Business
- France 24
Panama launches maintenance work at contested mine
Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly.
