FQM CEO: Innovation Drives Zambia’s Green Economy in Responsible Mining
Innovation is crucial for Zambia’s green economy future, according to Tristan Pascall, the CEO of First Quantum Minerals (FQM). Despite facing challenges in 2022, FQM remains committed to executing projects that promote production growth with a lower carbon footprint.
Mr. Pascall emphasized the company’s dedication to responsible resource extraction and sustainable operations, as evidenced by their seventh Environment, Social, and Governance (ESG) report.
FQM takes pride in the positive contribution of mining to communities and society. Innovation plays a key role in FQM’s sustainability agenda, with notable projects including plans for a 430 MW wind and solar project in Zambia and feasibility trials with Hitachi Construction Machinery for the first full battery-powered dump trucks at the Kansanshi mine.
The ESG report highlights FQM’s infrastructure investments and energy-saving initiatives in its Zambian operations. These initiatives, such as trolley-assist electric mining fleets and in-pit crushing and conveying, demonstrate the company’s commitment to continuous improvement and resource optimization.
Recognizing the vital role of mining in providing metals for decarbonization efforts, FQM believes that copper, in particular, is essential for the global transition to a low-carbon economy and the socioeconomic development of developing economies.
By refining locally produced copper concentrate in their Zambian smelter powered by predominantly hydroelectricity, FQM reduces emissions associated with transportation and refining, differentiating their approach from smelters relying on gas or coal power.
The report also notes that First Quantum’s Kansanshi operations have contributed to a decrease in sulphur dioxide emissions through efforts to increase sulphur dioxide capture.
ESG principles have always been integrated into FQM’s operating model, aiming to drive real change in the transition to a low-carbon economy and socioeconomic development. By leveraging innovation for sustainability, operational efficiencies, and cost savings, FQM seeks to improve its operations continuously.
FQM believes that the growing demand for copper driven by renewable energy and electric vehicle transitions will be crucial for meeting global energy market needs.
The company emphasizes the importance of energy security and the role of copper and nickel in enabling increased renewable power usage and electric vehicle adoption for global decarbonization.
According to Mr. Pascall, new projects will ultimately be required to support these goals.
