Solwezi, Zambia – First Quantum Minerals (FQM) has announced a $1.25 billion investment to expand its Kansanshi copper and gold mine, one of Zambia’s largest mining operations. The investment is set to increase production capacity and extend the mine’s lifespan, creating thousands of new jobs in the process.
The expansion project, dubbed the “S3 Expansion,” includes the construction of a new processing facility and additional mining infrastructure. “This investment will not only boost production but also contribute to Zambia’s economic development,” said Tristan Pascall, CEO of First Quantum Minerals.
Local stakeholders have welcomed the development, emphasizing the economic benefits, though some have urged the company to prioritize environmental sustainability and community welfare.