News

Record production at First Quantum

14 July 2008 15:45:00

Africa-focused miner First Quantum achieved a new quarterly record in copper production in the second quarter.

In the second quarter of 2008 the company produced 80,600 tonnes of copper, up 60% on the corresponding quarter of 2007 and 6% higher than production in the first quarter of this year.

Inventories of copper concentrate at the end of June 2008 were in the region of 28,600 tonnes, down 3,000 tonnes on levels seen at the end of the preceding quarter.

Production at its Kansanshi operation hits 47,600 tonnes while the next highest production level was at the Frontier operation, with 23,100 tonnes produced.

Gueb Moghrein produced 8,400 tonnes and Bwana Mkubwa 1,500 tons.

The company said back in May that over the five years from 2009 to 2013, copper production profile from existing operations is expected to average 222,000 tonnes per annum at Kansanshi, 43,000 tonnes at Guelb Moghrein and 81,000 tonnes at Frontier as a result of planned expansions.

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