Japanese company is considering buying a roughly 20% interest in First Quantum’s Sentinel and Kansanshi mines for about $2 billion

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Mitsui, top bidder for First Quantum mines stake

….The Japanese company is considering buying a roughly 20% interest in First Quantum’s Sentinel and Kansanshi mines for about $2 billion….

Japanese trading house Mitsui & Co. has emerged as the highest bidder for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to people familiar with the matter.

Mitsui submitted an offer that’s higher than a rival proposal from Saudi Arabia’s state-backed Manara Minerals Investment Co., the people said, asking not to be identified because the information is private.

The Japanese company is considering buying a roughly 20% interest in First Quantum’s Sentinel and Kansanshi mines for about $2 billion, according to the people.

1 COMMENT

  1. This says something about the market confidence in the investment and the enviroment the investment exists.
    So all those jokers that want to lead Zambia. Can you give investors this kind of confidence to want to pour this kind of money or you are just interested in “lining your pockets” you have no adgenda or plan, kulilapo fye…is all you are interested in.

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