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First Quantum says it will not rush into sale of Zambian copper mines stake
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First Quantum says it will not rush into sale of Zambian copper mines stake
Feb 12, 2025 7:26 AM

JOHANNESBURG, Feb 12 (Reuters) - First Quantum Minerals ( FQVLF )

will not rush into a deal to sell a minority stake in

its Zambian copper mines, CFO Ryan MacWilliam told analysts on

Wednesday after the miner's fourth-quarter results.

The Canadian miner wants to secure a long-term partner at

its Zambian mines and there are no "specific timelines" for the

sale, he said.

"We have been consistent throughout that any arrangements we

enter into in Zambia will be for the next 25 years," MacWilliam

said. "It's really about getting the right agreement rather than

a quick agreement."

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