First Quantum Minerals Ltd. is a growing mining and metals company engaged in mineral exploration, development and mining. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid. Excitingly, FQM Australia Nickel Pty Ltd now operates the Ravensthorpe Nickel Operation (RNO), situated approximately 550 kilometres south east of Perth, Western Australia.
The Company's current operations are the 80% owned Kansanshi copper-gold mine and the 100% owned Bwana Mkubwa SX/EW facility and sulphuric acid plants in Zambia, the 95% owned Frontier copper mine in the Democratic Republic of Congo ("DRC") and the 100% owned Guelb Moghrein copper-gold mine in Mauritania.
The Company is currently developing the 100% owned Kevitsa nickel-copper-PGE project in Finland and modifying the 100% owned Ravensthorpe nickel project in Australia. Its exploration projects include the 100% owned Kalumbila, Kawako and Fishtie projects located in Zambia.
First Quantum also holds a 65% interest in the Kolwezi copper-cobalt tailings in the DRC and strategic investments in Mopani Copper Mines (16.9%), operator of the Nkana underground copper mine and cobalt refinery and the Mufulira underground copper mine, smelter and copper refinery in Zambia, and in Equinox Minerals Ltd. (16.32%), a publicly-traded company that operates the Lumwana copper mine.
The Company's operations produced 373,900 tonnes of copper, 193,288 ounces of gold and generated US$1.9 billion of revenues in 2009.
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