First Quantum's expanded Zambia copper mine on track to exceed processing target

By Reuters News

- First Quantum Minerals' FM.TO expanded Kansanshi copper mine in Zambia is on track to process about 27 million metric tons of ore in 2026, exceeding its design capacity by 8% and supporting a stronger production outlook, the company said on Wednesday.


Here are some details:

  • Kansanshi Mining's $1.2 billion S3 expansion project was commissioned in August 2025 and is expected to double the mine's copper output to about 277,000 metric tons annually

  • A new 25-million-ton-a-year sulphide processing line is at the centre of the expansion, more than doubling Kansanshi's processing capacity

  • The company said strong availability, utilisation and milling performance helped the plant exceed its throughput target

  • The increased capacity has enabled Kansanshi to process substantial quantities of lower-grade sulphide ore, the company added

  • Zambia has become First Quantum's main copper-producing jurisdiction, contributing about 93% of group output in 2025 after the suspension of Cobre Panama in 2023

  • The Kansanshi expansion is a key part of Africa's No. 2 copper producer Zambia's target to lift annual output to 3 million tons by 2031 from 890,346 tons last year

  • Demand for copper is being driven by the global transition to cleaner energy


Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.