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First Quantum agrees with Zambian firm to fast-track copper project

First Quantum agrees with Zambian firm to fast-track copper project

CANADA'S First Quantum Minerals and a Zambian mining company have signed an agreement to fast-track the development of a copper project in Africa's second-biggest producer of the metal, the companies said. Zambia has ambitions to triple its copper output and has reviewed its tax policy to increase mining exploration and output. First Quantum is already a major miner in the southern African country. Its agreement with Zambia's Mimosa Resources envisages mining at the Fishtie copper project starting from 2026, ramping up to a maximum production of 30,000 metric tons of copper a year by the end of the decade, First Quantum…
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