First Quantum Minerals Ltd. is an established and rapidly growing mining and metals company producing copper, nickel, gold, zinc and platinum group elements.

The Company’s assets are located in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Peru and Argentina.

In 2014, First Quantum produced 427,655 tonnes of copper, 45,879 tonnes of nickel, 229,813 ounces of gold, 55,980 tonnes of zinc and 60,080 ounces of platinum group elements.


The Kansanshi mine, the largest copper mine in Africa, is 80% owned by Kansanshi Mining PLC, a First Quantum subsidiary. The remaining 20% is owned by a subsidiary of ZCCM. The mine is located approximately 10 kilometres north of the town of Solwezi and 180 kilometres to the northwest of the Copperbelt town of Chingola.

The mine has undergone several expansions since it began operating in 2005. From an initial production capacity of 110,000 tonnes of copper, Kansanshi is now capable of producing 340,000 tonnes of copper and more than 120,000 ounces of gold per year. A multi-stage expansion project aims to increase copper output capacity to approximately 400,000 tonnes by 2015.

Guelb Moghrein:
The Guelb Moghrein copper-gold operation is 100% owned by Mauritanian Copper Mines (MCM), a First Quantum subsidiary. The mine is located 250 kilometres northeast of the nation’s capital, Nouakchott, near the town of Akjoujt.

The Guelb Moghrein deposit was first developed in the early 1970s by Anglo American Corporation but was closed in 1977 due to technical difficulties and high fuel prices. First Quantum acquired an 80% interest in the asset in 2004 and achieved commercial production in 2006. In 2010, the Company increased its ownership in Guelb Moghrein to 100%.

In addition to the Guelb Moghrein mining concession, the Company holds five exploration concessions in the area totalling 5,581 square kilometres either directly through MCM SA or since 2011, through Mauritania Exploration SARL a wholly-owned entity.

The Kevitsa nickel-copper-platinum group elements (PGE) mine is located approximately 142 kilometres north-northeast of Rovaniemi, the capital of Finnish Lapland. The mineral rights to the Kevitsa property were acquired in 2008 and are held by a wholly-owned subsidiary of First Quantum Minerals.

Mining is carried out in an open pit. Processing is traditional. Mined ore is crushed in a primary crusher. The primary crusher product is screened to send the Autogenous Grinding (“AG”) mill media to stockpile, the mid product to secondary crushing and pebble storage for the pebble mill media. The crushed ore is then ground in a combination of AG mills and a pebble mill.

Copper and nickel ore is recovered in separate flotation circuits with each product being thickened and filtered to produce concentrates stored separately for transport. Two different concentrates are produced; the first being a Nickel-Copper-PGE-Gold concentrate grading close to 12% nickel. The nickel content in the concentrate is expected to produce approximately 10,000 tonnes of nickel metal per annum. The second is a copper-PGE-gold concentrate grading close to 28% copper. The coppercontent in both concentrates is expected to produce approximately 17,000 tonnes of copper metal per annum.


The Cayeli mine is an underground copper and zinc operation located on the Black Sea coast of northeastern Turkey and operated by Cayeli Bakir Isletmeleri A.S., a wholly-owned subsidiary. The mine produces copper concentrate, copper and zinc bulk concentrate and zinc concentrate.

Cayeli is the largest underground base metals mine in Turkey. It produced its first concentrate in 1994 and is expected to operate until at least 2019.

Cayeli is an example of mining and metallurgical experience translating to achieving throughput that exceeds design capacity, as Cayeli’s initial design mill capacity of 600,000 tonnes per year has grown to 1,200,000 tonnes per year.

Las Cruces:

The Las Cruces mine is an open pit operation and process plant located in the Sevilla Province of Southern Spain.

The mine uses leaching and electrowinning technology to produce copper cathode. The plant is designed to produce approximately 72,000 tonnes of copper cathode per year which is shipped as final product.

Las Cruces uses conventional open pit mining methods, based upon hydraulic shovels and trucks, with drilling and blasting in the lower marls and ore zones. The project has a relatively high stripping ratio supported by the high grade ore. Las Cruces uses contract miners for all mine production.

Ore at Las Cruces is mined from an open pit. The metallurgical plant relies on an atmospheric leaching process to recover copper from the rich Las Cruces chalcocite ore. A unique feature of the plant is the use of eight OKTOP agitated reactors to dissolve the copper under conditions of high temperature and high acidity. Oxygen is also added into the reactors to complete the reaction. The feed to the leaching reactors is mine ore that has passed through three stages of crushing and a single stage of grinding.

The Pyhasalmi mine is an underground copper and zinc mine located in central Finland. Pyhasalmi Mine Oy is a 100% owned subsidiary.

Pyhasalmi is one of the oldest and deepest underground mines in Europe and produces copper, zinc and pyrite. In 1962 it was initially developed as an open pit mine by Outokumpu Oyj, followed by the first underground development.

Outokumpu designed an underground development plan and in 2001 completed construction of a 1,450-metre deep automated hoisting shaft. Outokumpu started development from the new shaft in July 2001, and in March 2002 Inmet Mining completed the acquisition of Pyhasalmi and continued the underground development plan.

Cobre Panama:
Cobre Panama is a large open-pit copper development project in Panama. The concession is located 120 kilometres west of Panama City and 20 kilometres from the Caribbean Sea coast, in the district of Donoso, Colon province, in the Republic of Panama. The concession consists of four zones totalling 13,600 hectares.

Following the completion of our acquisition of Inmet Mining in April 2013, First Quantum assumed an 80% equity interest in Minera Panama, S.A. (“MPSA”), the Panamanian company that holds the Cobre Panama concession. MPSA was incorporated under the laws of the Republic of Panama in January 1997 and has a mineral concession to explore and exploit the Cobre Panama property.

Access to the project area is via the Pan-American Highway system from Panama City to Penonome, surfaced all-weather roads to Llano Grande, and gravel roads via the town of Coclecito. The topography in the concession area is low elevation (less than 300 metres) but rugged with considerable local relief covered by dense rainforest. Climatic conditions are tropical with high precipitation levels, high humidity and relatively high temperatures of 25ºC to 30ºC year-round.


Haquira is one of the world’s major undeveloped copper deposits with excellent potential for a large-scale copper mine. It is located in southern Peru adjacent to the Las Bambas copper-gold project.

First Quantum’s acquisition of Antares Minerals and its principal asset, the Haquira deposit, was finalized in December 2010.

The deposit has reported measured and indicated resources of 3.7 million tonnes of contained copper equivalent and inferred resources of 2.4 million tonnes of contained copper equivalent.

Detailed soil sampling over targets identified in the 2012 helicopter magnetic survey has confirmed porphyry style geochemistry over six main target areas within the Haquira tenure. The multi-element sampling has demonstrated a very extensive footprint halo around known mineralization that should prove useful for defining new porphyry mineralization in Southern Peru.

Exploration drilling at Haquira is likely to be postponed during 2013 while the Company concentrates on the community and environmental aspects of the project development.

Office Address

First Quantum Minerals
543 Granville Street
Vancouver, BC V6C 1X8

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