Kansanshi mine
Interactive map of Kansanshi mine | |
| Location | |
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| Products | Copper, Gold |
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Kansanshi Mine is a large open-pit copper and gold mine in Solwezi in the North-Western Province of Zambia. The mine is approximately 14 km (8.7 mi) north of the town of Solwezi.[2]
It is owned by First Quantum Minerals (FQM) (80%) and ZCCM Investments Holdings (20%).[3] The mine is operated by Kansanshi Mining Plc.[2] On December 1, 2022, ZCCM converted its dividend rights to a 3.1% revenue royalty.[4]
In May 2022, First Quantum approved the US$1.25 billion 25 million tonne per annum S3 Expansion following the host government's commitment to a predictable investing environment. The expansion aimed to adapt operations to deeper, lower-grade sulphide ore.[5] It was commissioned in Q1 2025, and in July 2025, it reached the final stages of commissioning with the first ore fed through the expansion operations ahead of schedule.[6] The S3 Expansion achieved commercial production on December 1, 2025.[7] With the completion of the S3 Expansion, the total processing capacity at Kansanshi is approximately 53 million tonnes per annum.[2]
In August 2025, First Quantum announced a gold streaming agreement with Royal Gold, which provides Royal Gold with a percentage of gold mined linked to copper production.[8]
See also
References
- ↑ "Project - Kansanshi Copper Mine". Mining Technology. 24 February 2014. Retrieved 18 April 2022.
- 1 2 3 "Kansanshi — First Quantum Minerals". www.first-quantum.com. Retrieved 2026-06-30.
- ↑ "Goldman Sachs Global Copper Week Presentation" (PDF). First Quantum Minerals. 2026-06-29. Retrieved 2026-06-29.
- ↑ "First Quantum Minerals Announcement in Respect of Kansanshi Mining Plc — First Quantum Minerals". www.first-quantum.com. 2022-12-01. Retrieved 2026-06-30.
- ↑ "First Quantum Announces Board Approval of the Kansanshi S3 Expansion and Enterprise Nickel Project — First Quantum Minerals". www.first-quantum.com. 2022-05-08. Retrieved 2026-06-30.
- ↑ "First Quantum Minerals Reports Second Quarter 2025 Results — First Quantum Minerals". www.first-quantum.com. 2025-07-23. Retrieved 2026-06-30.
- ↑ "First Quantum Minerals Reports Fourth Quarter 2025 Results — First Quantum Minerals". www.first-quantum.com. 2026-02-10. Retrieved 2026-06-30.
- ↑ "First Quantum Announces $1.0 Billion Gold Stream — First Quantum Minerals". www.first-quantum.com. 2025-08-05. Retrieved 2026-06-30.