First Quantum Minerals Ltd.
First Quantum Minerals Ltd. develops and operates copper mines across the globe including the Zambia, Democratic Republic of Congo (DRC), and Mauritania. The company owns interest in several sites and plants including Bwana Mkubwa SX/EW facility and sulphuric acid plants, Kansanshi open pit copper-gold mine, Mopani Copper Mines. It holds 17.3% interest in Equinox Minerals Ltd. throughout the Zambia; 100 % interest in Lonshi open pit copper mine, 95% interest in the Frontier copper deposit, and a 65% interest in the Kolwezi copper-cobalt tailings project located in DRC; and 80% interest in Guelb Moghrein copper gold mine in Mauritania. The company`s operating subsidiaries include First Quantum Mining and Operations Limited (FQMO) which includes Bwana Mkubwa, Compagnie Minera De Sakania SPRL, Kansanshi Mining Plc, Mauritanian Copper Mines SARL, Frontier SPRL, and Kingamyambo Musonoi Tailings SARL. The company is headquartered at Vancouver city, Canada.The company reported revenues of (U.S. Dollars) USD 1,740.40 million during the fiscal year ended December 2008, an increase of 13.07% over 2007. The operating profit of the company was USD 391.00 million during the fiscal year 2008, a decrease of 53.15% from 2007. The net profit of the company was USD 45.90 million during the fiscal year 2008, a decrease of 91.18% from 2007.
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