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First Quantum Minerals Confirms Zambia Stake Sale – Report

Metal News - Published on Wed, 09 Oct 2019

Image Source: business.financialpost.com
Reuters reported that Canada’s First Quantum Minerals Ltd confirmed it was in talks with China-based Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets. The company, however, said it had no knowledge of any potential takeover bids, sending its shares down 10% in morning trading.

The Zambian government’s decision to appoint a provisional liquidator to run Vedanta Resources’ Konkola Copper Mines, claiming licence breach, has added to concerns for international miners such as First Quantum.

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Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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