After several months of lockdown, First Quantum approved a $1.3 billion investment in May, 2022 to expand its business in Zambia. Part of the funds are used to the construction of a nickel mine, which was put into production in the second quarter of 2023.
In Zambia, Enterprise Nickel Mine delivered the first batch of nickel ore in the second quarter of 2023. First Quantum Minerals announced on July 25th that the asset should be delivered 5,000-10,000 tons of nickel ore concentrate.
In the next few months, the company will continue to expand the factory's production capacity until commercial production is achieved in 2024. However, the sales should start at the end of the third quarter of 2023.
Edited by Cassie Li, lixiangying@mysteel.com