| First Quantum Minerals Reports the Restoration of Full Power Supply to its Zambian Operations | |
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TORONTO, ONTARIO--(Marketwired - Aug. 6, 2015) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today reported that, on August 6, 2015, full power supply was restored to its Kansanshi operation and Sentinel project by ZESCO, Zambia's state-run power company. This follows the receipt of notice of the declaration of Force Majeure for the supply of electricity from ZESCO to Kansanshi and the subsequent reduction in electricity supply to both Kansanshi and Sentinel as reported on July 27, 2015.
While the Company believes some restrictions may be re-imposed during the remainder of 2015, ZESCO has stated that it has contracted independent power producers such as Maamba Collieries Limited and Itezhi Tezhi Power Corporation through the signing of Power Purchase Agreements to procure more electricity by the end of 2015.
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall, President
12g3-2b-82-4461
Listed in Standard and Poor's
For further information visit our website at www.first-quantum.com.
Contact Information:
North American contact:
Sharon Loung, Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)
[email protected]
United Kingdom contact:
Clive Newall, President
+44 140 327 3484
+44 140 327 3494 (FAX)
[email protected]
www.first-quantum.com
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : FM.TO |
ISIN : CA3359341052 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
First Quantum is a copper producing company based in Canada. First Quantum produces copper, cobalt and gold in Congo Dem. Rep. of, in Mauritania and in Zambia, develops cobalt, copper and nickel in Congo Dem. Rep. of and in Zambia, and holds various exploration projects in Peru. Its main assets in production are BWANA MKUBWA, KANSANSHI and MOPANI in Zambia, FRONTIER and KOLWEZI in Congo Dem. Rep. of and GUELB MOGHREIN in Mauritania, its main assets in development are KALUMBILA in Zambia and KOLWESI MUSONOI in Congo Dem. Rep. of and its main exploration properties are KEVITSA and KEVISTA in Finland, KIPUSHI in Congo Dem. Rep. of and HAQUIRA EAST and CRISTO DE LOS ANDES in Peru. First Quantum is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is 868.7 millions as of today (US$ 631.2 millions, € 577.1 millions). Its stock quote reached its lowest recent point on November 02, 2001 at 0.38, and its highest recent level on October 11, 2024 at 18.31. First Quantum has 47 442 200 shares outstanding. |