FQM dismisses rumours of mine sale as false

FIRST Quantum Minerals (FQM) has dismissed rumours that it was planning to sell Zambian mining assets.

Recently, international media outlets reported that First Quantum Mineral was in discussions to sell a stake in its Zambian operations to Jiangxi Copper Corporation following the financial challenges the Canadian miner was facing.

But in a media statement on Tuesday, FQM Country Manager, Godwin Beene, dismissed rumours that it was in talks to sell a stake in its Zambian copper mines as false.

FQM operates the Kansanshi copper mine and smelter in Solwezi, the Sentinel copper and the Enterprise nickel mines in Kalumbila District.

Beene said its Zambian mines were part of a global metals and mining business producing mainly copper, gold and nickel with assets in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.

“There is no truth in the report that First Quantum is in discussions to sell a stake in its Zambian operations to Jiangxi Copper Corporation, or indeed any other company,” he said.

Beene added that it remained fully committed to Zambia operations and the associated economic and social contributions to the country.

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