First Quantum in talks with Jiangxi Copper on sale of stake in Zambian mines

Reuters exclusively reported that Canadian miner First Quantum has entered into talks with its biggest shareholder China’s Jiangxi Copper about selling a stake in its Zambian mines. Citing a source familiar with the discussion, the story revealed that First Quantum is seeking to bolster the company’s finances after the Panama government ordered it to shutter one of its biggest mining operations, that accounted for about 40% of its revenues.