FIRST QUANTUM (FQM).

From: Investors Chronicle | Date: April 11, 2003 | Copyright information

First Quantum is a copper producer with extensive interests in Zambia and in DR Congo. It has two major properties: Bwana Mkubwa, which is already producing ore from the companys Lonshi mine in Congo and Kanshanshi in Zambia, for which first production is scheduled at the end of 2004. There is also a 17 per cent interest in the higher-cost Mopani Copper Mines.

And although it had negative cashflow last year, First Quantum has positioned itself for the future. Production at Bwana Mkubwa has tripled, though operating costs have risen to about 21 cents a pound. That may not ...

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