First Quantum Minerals explores partnerships for its Zambian assets, including talks with Manara Minerals for a stake in its copper and nickel operations.

First Quantum Minerals, a Canadian mining company, is exploring partnerships for its Zambian assets amid ongoing discussions with potential investors, including Saudi Arabia's Manara Minerals, for a stake in its copper and nickel operations. The company reported Q3 2024 earnings of $108 million, with a 13% increase in copper production. Financial results improved due to higher sales, despite challenges from its Cobre Panama mine. The company aims to bolster its balance sheet and navigate Zambia's energy crisis.

October 22, 2024
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