First Quantum Minerals

First Quantum Minerals sold its Çayeli mine to Cengiz Holding===Cengiz İnşaat for $340 million, as part of its portfolio optimization strategy. This sale helps First Quantum Minerals focus on core strategic priorities like the Cobre Panama operation restart and improve its financial position.

First Quantum Minerals, a Canadian company, is Zambia's largest corporate taxpayer and a major player in its copper sector, benefiting from the increased demand and investment.

First Quantum Minerals announced a $1.25 billion investment at the Kansanshi S3 Expansion project in Zambia, generating new employment opportunities.

First Quantum Minerals' country director in Zambia, Anthony Mukutuma, stated that Zambia's sulphuric acid stocks are so depleted there is effectively no capacity to export. This indicates a challenging operating environment for miners in the region.

First Quantum Minerals operates in Zambia. The government's investment drive and emphasis on fair deals will influence its future prospects in the country.