Quantum Minerals First Announcement on Kansanshi Mining Plc, The Canadian Business Journal

TORONTO, Dec. 01, 2022 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) has entered into an agreement with partner ZCCM Investments Holdings Plc (“ZCCM-IH”) Did. , converts ZCCM-IH dividend rights into a 3.1% earnings royalty. ZCCM-IH will continue to participate on the Board of Kansanshi Mining Plc (“KMP”) to ensure full visibility and transparency regarding KMP’s future operations.

“We are pleased to enter into this new arrangement for the benefits flowing from the Kansanshi Mine. We look forward to continuing our collaboration with ZCCM-IH to move KMP forward,” said Chief Executive Officer Tristan Pascall.

For more information, please visit our website or contact us at:

Bonita To, Director of Investor Relations
(416) 361-6400 Toll Free: 1 (888) 688-6577
Email: [email protected]

Cautionary Note Regarding Forward-Looking Statements

Certain statements and information in this document, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements in this news release include statements regarding the expected conversion of ZCCM-IH common stock into his KMP preferred stock and his S3 expansion project at Kansanshi. With respect to forward-looking statements and information contained herein, we make a number of assumptions regarding the timing and completion of such transformation and S3 expansion projects. Forward-looking statements and information, by their nature, are based on assumptions and are subject to known and unknown risks, uncertainties and actual results, performance or achievements that may differ materially from future results, performance or achievements. With other factors that can be different causes. any such forward-looking statements or information; These factors include political stability in Zambia, workforce disruption, potential social and environmental challenges (including the impact of climate change), power supply, mechanical failure, water supply, parts and supplies Including but not limited to procurement and delivery. Events affecting operations and, in general, global economic, political and social stability. If there are other factors that do not predict, estimate or intend actual results, performance, achievements or events, including risks, uncertainties and other factors described in our Annual Information Form; There is also We undertake no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof, except as required by law.

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Quantum Minerals First Announcement on Kansanshi Mining Plc, The Canadian Business Journal

Source link Quantum Minerals First Announcement on Kansanshi Mining Plc, The Canadian Business Journal

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