First Quantum has continued to increase its long-term copper production potential. Estimates have shown that if the company hits its growth targets, it could make First Quantum the 4th largest copper producer in the world by the end of the decade.
First Quantum has also placed more of an emphasis on nickel, adding valuable assets and making the base metal a growing part of the company’s business mix.
Having taken over the Ravensthorpe nickel mine from developer BHP Billiton with successful results, First Quantum has built a successful portfolio of assets, including its Kevista mine in Finland.
First Quantum has demonstrated its ability to deliver mines into production on time and on budget, and is on schedule with the Enterprise nickel mine in Zambia. First Quantum now has a sizeable operation in Zambia, despite the difficulties the country faces with power outages.
Construction on the mine is expected to finish at the end of the year.