CEO Tristan Pascall on the future of First Quantum Minerals
Posté : ven. 21 nov. 2025 18:24
Extrait d'1 récent interview, concernant Kansanshi:
The region remains underexplored despite forming part of the same belt as Ivanhoe’s Kamoa-Kakula, one the most significant copper discoveries of the past several decades.
With the bulk of the outlays at its ahead-of-schedule and below budget S3 Kansanshi expansion project in Zambia behind it, FM in its Q3 conference call guided down capital expenditure for 2025 which is now expected to be in the $1.2 billion range for 2025.
Kansanshi is turning into a real giant with annual throughput on its way to 150 million tonnes and a mine life extending to the middle of this century.
Kansanshi is turning into a real giant with annual throughput on its way to 150 million tonnes and a mine life extending to the middle of this century. FM believes in innovation and Pascall says the company is not afraid to take risks or experiment with industry rules of thumb.
The company is trialing a first of its kind rail run conveyer system that slashes energy requirements (by as much as 70%) and maintenance costs compared to traditional conveyer belts that run on rollers. FM was also the first to use semi-mobile crushers at the site.
The company has long run an electric trolley system to assist the 220t trucks getting out of the pit – not only does it save on fuel, but it also covers ground at twice the speed of diesel hauls.
The company and Hitachi, which stayed mum on deeper details no matter how often asked, is also testing an all-electric haul truck, another world first. The truck’s battery – a 4MW monster with a capacity around 70 times your average EV – will be charged by the overhead trolley cables.
FM has long term designs on Zambia and apart from ongoing drilling on its properties, kicked off with an investment in Prospect Resources, a project near its Trident operations.
The region remains underexplored despite forming part of the same belt as Ivanhoe’s Kamoa-Kakula, one the most significant copper discoveries of the past several decades.
With the bulk of the outlays at its ahead-of-schedule and below budget S3 Kansanshi expansion project in Zambia behind it, FM in its Q3 conference call guided down capital expenditure for 2025 which is now expected to be in the $1.2 billion range for 2025.
Kansanshi is turning into a real giant with annual throughput on its way to 150 million tonnes and a mine life extending to the middle of this century.
Kansanshi is turning into a real giant with annual throughput on its way to 150 million tonnes and a mine life extending to the middle of this century. FM believes in innovation and Pascall says the company is not afraid to take risks or experiment with industry rules of thumb.
The company is trialing a first of its kind rail run conveyer system that slashes energy requirements (by as much as 70%) and maintenance costs compared to traditional conveyer belts that run on rollers. FM was also the first to use semi-mobile crushers at the site.
The company has long run an electric trolley system to assist the 220t trucks getting out of the pit – not only does it save on fuel, but it also covers ground at twice the speed of diesel hauls.
The company and Hitachi, which stayed mum on deeper details no matter how often asked, is also testing an all-electric haul truck, another world first. The truck’s battery – a 4MW monster with a capacity around 70 times your average EV – will be charged by the overhead trolley cables.
FM has long term designs on Zambia and apart from ongoing drilling on its properties, kicked off with an investment in Prospect Resources, a project near its Trident operations.