First Quantum Kansanshi copper mine expansion boosts Zambia’s refined output

First Quantum

First Quantum Kansanshi copper mine expansion is now commissioned in Zambia. The $1.25bn project lifts refined copper by about 80,000 t/yr. Therefore, First Quantum Kansanshi copper mine expansion raises capacity to 250,000 t/yr. The upgrade adds milling, smelting, and a new pit. As a result, First Quantum Kansanshi copper mine expansion extends mine life by 20 years.

Capacity, processing upgrades, and national targets

The S3 project nearly doubles Kansanshi’s ore-milling capacity. It also expands smelter throughput by about 25%. Meanwhile, Zambia targets 3mn t/yr of copper by 2030. This expansion aligns with that goal. President Hichilema highlighted longer life and higher output. Consequently, Kansanshi becomes a national growth lever.

Portfolio impact after Cobre Panamá suspension

Kansanshi and Sentinel now anchor First Quantum’s portfolio. They contributed 93% of copper output in 2024. This followed Cobre Panamá’s suspension in late 2023. Therefore, Zambia is the company’s critical copper hub. Stronger Kansanshi volumes support group revenues. Additionally, improved processing boosts recovery and product reliability.

The Metalnomist Commentary

Kansanshi’s step-up de-risks First Quantum’s post-Panamá profile. Watch ramp curves, power stability, and concentrate logistics. Smelter throughput gains will shape costs and realized premiums.