First Quantum Minerals Ltd - Company Profile
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Business Description
First Quantum Minerals Ltd (FQM) is a mining company primarily focused on copper production, with secondary production in nickel, gold, and silver. It applies its in-house technical, engineering, construction, and operational skills to develop and operate complex mines and processing plants worldwide. The company's business portfolio includes several key mining projects and operations. The company has a 91% ownership in Cobre Panama, located in Colon Province, Panama, which primarily produces copper and has secondary production of gold, silver, and molybdenum. In Peru, FQM holds a 55% ownership in the La Granja project in the Cajamarca region, in partnership with Rio Tinto, focusing on copper development. The Taca Taca project in Salta Province, Argentina, is 100% owned by the company and focuses on copper, with secondary production of gold and molybdenum. The Guelb Moghrein mine in Akjoujt, Mauritania, is 100% owned and produces copper and gold. The Haquira project in the Apurimac region of Peru is another copper development project wholly owned by the company. In Spain, FQM owns the Las Cruces mine, which primarily produces copper and is set for sale closure in 2026. The Çayeli mine in Rize Province, Türkiye, is 100% owned and produces copper, zinc, and gold, with a sale announced for 2026. In Zambia, the Kansanshi mine is 80% owned, with 100% economic rights, producing copper and gold. The Sentinel mine in Zambia is 100% owned and focuses on copper production. The Enterprise mine, also in Zambia, is 100% owned and produces nickel. The Ravensthorpe mine in Western Australia is 75.7% owned, in partnership with POSCO, and focuses on nickel production.
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Business Segments
Overview
Copper-gold mine near Solwezi, in the North Western Province of Zambia. Operates through the subsidiary, Kansanshi Mining Plc. Carries out open pit operations, such as Northwest and Main using conventional open pit methods.
Performance
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Overview
Operates Sentinel open-pit copper mine located in the north-west province of Zambia, and approximately 150 kms west of the town of Solwezi.
Performance
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Overview
Situated in Colon Province, 120 km west of Panama City. The production complex features two open pits, a processing plant, a 300-megawatt power station, and an international port,
Performance
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Overview
Includes the remaining operations of Guelb Moghrein, Cayeli, Las Cruces and Pyhasalmi. Also includes the acquisitions of new mines and administration revenue.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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