15 hours ago
First Quantum Commissions $1.25 Billion Zambia Copper Expansion
First Quantum Minerals Ltd. is commissioning a $1.25 billion expansion at its Kansanshi copper mine in Zambia, bringing online a long-deferred project at a crucial time for both the country and the company.
The S3 project — first mooted in 2012 — includes a new processing plant that nearly doubles Kansanshi's ore-milling capacity, expands the smelter's throughput capacity by about 25% and opens up a new pit. It's scheduled to be commissioned on Tuesday, after securing board approval three years ago.
