First Quantum Invests $3 Billion in Zambian Copper Mining After Paying $2 Billion in Taxes

JOHANNESBURG--November 26, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--When it begins operating at optimal levels, First Quantum Mineral's (TSX:FM) (FQM) (Vancouver, British Columbia) new Sentinel mining project in Zambia is expected to produce 300,000 tons of copper per year. FQM plans to invest a total of $3 billion in both Sentinel and a copper smelter at the Kansanshi mine, which is targeting an annual production of 400,000 tons of copper by 2015.