First Quantum Minerals Ltd. (TSE:FM) updates on its expansion and development objectives for its operating mines and growth projects.
First Quantum Minerals Ltd. (TSX:FM) updates on its expansion and development objectives for its operating mines and growth projects.
The press release is quoted as saying:
At the Kansanshi operation, an expansion project is underway to expand annual copper production capacity from the current 250,000 tonnes to 400,000 tonnes of copper in 2015. The expansion project will be implemented in two phases. Phase 1, which is currently underway, is expected to increase annual production capacity to approximately 285,000 tonnes. Currently, the bulk of Kansanshi concentrate production is treated at smelters in Zambia, but from time to time, due to limited capacity, some copper concentrate is sold to third parties for export sale. The Zambian smelters are located at least 250 kilometers from the Kansanshi minesite.