First Quantum Minerals targets $3 billion debt reduction
The world’s sixth-largest copper producer, which operates several mines in Zambia and Mauritania, recorded its highest tonnage ever at the end of last year. This trend is set to continue into 2022 and beyond, helping First Quantum Minerals to reduce its debt.
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▪ First Quantum Minerals targets $3 billion debt reduction
▪ The world’s sixth-largest copper producer, which operates several mines in Zambia and Mauritania, recorded its highest tonnage ever at the end of last year. This trend is set to continue into 2022 and beyond, helping First Quantum Minerals to reduce its debt.
▪ https://www.africabusinessplus.com/en/811147/first-quantum-minerals-targets-3-billion-debt-reduction/
Under CEO Philip Pascall, First Quantum Minerals – listed on the TSX for C$34.76 billion in market capitalisation and with a cash flow of US$2.885 billion (+79%) in 2021 – continues to reduce its debt aggressively. As a result, its net debt totalled US$6.053 billion on 31 December last year after a reduction of $249 million over the previous three months of last year.
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