Oct 23 (Reuters) - First Quantum Minerals ( FQVLF ) is in
talks with potential partners for its Zambian assets, the
Canadian miner said on Wednesday, without disclosing names of
the firms.
Last week, Reuters reported that Saudi Arabia's Manara
Minerals is closing in on a deal to buy a minority stake in
First Quantum's Zambian copper and nickel assets, citing three
people familiar with the details.
"We're more open to partnerships, and that includes in
Zambia, but only if it's in the interest of our Zambian
business, the Zambian government and all the stakeholders
involved," First Quantum CEO Tristan Pascall said on a
conference call with analysts on Wednesday.
Shares of the company were up 2.2% at C$18.78 in early
trading.
The potential Manara Minerals deal, which could be worth
between $1.5 billion and $2 billion, is in the spotlight as
copper is a much sought-after element for clean energy
transition due to its uses in the manufacture of electric cars
and data centers powering artificial intelligence.