Canadian mining firm First Quantum Minerals has revealed it has suspended operations at its Kansanshi copper mine in Zambia after a deadly accident.
The corporate launched an inner investigation instantly after the accident on Sunday, which concerned two mining automobiles that tragically killed an worker.
The corporate reported revenues of $6.5m (C$8.76m) for the 2023 monetary yr, a 15.3% lower from 2022, in response to Mining Know-how’s mum or dad firm GlobalData.
The corporate launched a press release explaining that the world of the accident was instantly secured and mining operations on the website will resume as soon as the investigation has deemed it protected.
That is the second fatality on the Kansanshi mine previously yr following the loss of life of a contractor at one other First Quantum facility.
The corporate’s mining operations in Zambia are actually a major income supply after its flagship mine in Panama was shut down final December.
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The Cobre Panama mine concluded operations after a sequence of public protests and a courtroom ruling that rescinded First Quantum’s mining contract.
For the reason that Panama ruling, First Quantum has been pressured to restructure its sourcing of capital. It has since signed a $500m, three-year compensation settlement with Chinese language mining firm Jiangxi Copper to maintain the Kansanshi mine operational.