FQML is weighing a $1 billion investment | Zambia
TORONTO/LONDON (Reuters) – Canadian miner First Quantum Minerals Ltd is weighing an investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production to 300,000 tonnes over time from an expected 235,000 tonnes last year, according to a company presentation given to Zambian government officials. But securing board…
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