Who is the owner of First Quantum Minerals?
Philip Pascall co-founded First Quantum Minerals in 1996 and has served as its CEO and Chairman ever since. He retires as one of the longest-serving CEOs among the world’s major mining companies.
What is the largest mine in Zambia?
The Kansanshi mine in Zambia is the eight largest copper mine in the world, with two open pits. The property is located nearly 10km north of the Solwezi town and 180km northwest of the Copperbelt town of Chingola. The mine is 80% owned by First Quantum Minerals through its subsidiary Kansanshi Mining.
Who owns mines in Zambia?
Kansanshi Mine and Kansanshi Copper Smelter
|Year Opened||Current Owner(s)||Construction / Acquisition Cost|
|2004* 2015**||First Quantum Minerals (FQM) 80% ZCCM Investments Holdings (ZCCM-IH) 20%||US$250 million* US$900 million**|
Will quantum computers destroy Crypto?
Quantum computers will destroy some of cryptographic principles behind blockchain. On the other hand, the very power of the quantum computer represents a threat to existing cybersecurity infrastructure. In particular, the quantum computer will destroy some of the cryptographic principles behind the blockchain.
Who are First Quantum Minerals?
About First Quantum Minerals We are a fast-growing copper company in a world that will increasingly rely on copper to move towards a more energy efficient future.
What has changed in First Quantum’s corporate financial policy?
First Quantum has updated its corporate Financial Policy, reflecting continued higher commodity prices, continued strong operational performance and an accelerated reduction of Group debt since the second quarter of 2020.
How did First Quantum perform in Q4 2021?
First Quantum achieved its highest ever annual copper production of 816kt, a 5% increase from 2020, attributable to record production at Cobre Panama and the resilience of our other operations in dealing with the ongoing challenges brought about by COVID-19 over the last two years. Copper production in Q4 2021 was 201kt, 2kt below Q4 2020.