The government strategy is driven by a need to safeguard jobs at Mopani, rather than any desire to raise its shareholding, said Mulenga.Zambia’s increasingly tense relations with investors in the key copper-mining industry may partly reflect maneuvering by President Edgar Lungu ahead of next year’s elections. Raymond James upped their price target on First Quantum Minerals from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, September 24th. At First Quantum Minerals Ltd., we promise to treat your data with respect and will not share your information with any third party. © 2020 Verizon Media. A mining conference later this year will seek to address that issue, Mulenga said.Zambia, Africa’s No. First Quantum Minerals Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Zambia won’t have trouble raising finance for the deal, according to Mulenga, even though no money will come from the Treasury.Zambia Says Glencore, First Quantum Willing to Sell Mopani“The resource attracts money, so the issue of financing is the least of the worries for the Zambian government,” Mulenga said in an interview on Thursday, referring to Mopani’s copper-mining operations. At First Quantum Minerals Ltd., we promise to treat your data with respect and will not share your information with any third party. He didn’t give further details.A spokesman for Glencore declined to comment. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. While impairments of $1.14 billion at Mopani contributed to Glencore posting a first-half loss, the Switzerland-based commodity giant still assigned a value of $704 million to the operations.Mulenga expects a deal to be announced in the coming weeks by Mines Minister Richard Musukwa, who said in September that both companies were prepared to sell their entire holding in Mopani. And the next 2 months could decide your wealth in 2021. But it’s unclear how the cash-strapped government, which last week defaulted on a Eurobond interest payment, would finance a deal. A high-level overview of First Quantum Minerals Ltd. (FQVLF) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Discover new investment ideas by accessing unbiased, in-depth investment research, Toronto - Toronto Real Time Price. Subscribe to Premium to view Fair Value for FM.TO. More information on our historical performance is available via the Interactive Analytic Centre link on this page. The government is also in arbitration over mining assets it seized last year from billionaire Anil Agarwal’s Vedanta Resources Ltd.Other copper miners have halted $2 billion of planned investments because of a dispute over a royalty tax. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. If you experience any issues with this process, please contact us for further assistance. Copies of announcements prior to 2014 can be obtained from the Toronto Stock Exchange (TSX) or by contacting our Investor Relations team. If you experience any issues with this process, please contact us for further assistance. Environment Health and Safety, and Corporate Social Responsibility Committee. ZCCM-IH currently has 10% of Mopani, with Glencore holding 73.1% and Vancouver-based First Quantum Minerals Ltd. 16.9%.Zambia wants to raise its holding after clashing with Glencore earlier this year over the company’s plan to mothball Mopani’s operations. Find the latest news headlines from First Quantum Minerals Ltd. (FQVLF) at Nasdaq.com. Latest Reports Unique expertise We unlock value from complex mineral projects through management, technical and operating skills to deliver rewarding jobs for employees, sustainable development for local communities and returns for our shareholders. First Quantum spokesman John Gladston also declined to comment.Mining DisputesGlencore shelved its plans to place the operations under care and maintenance for 90 days, after Zambia threatened to revoke its mining license in April. First Quantum Minerals Blogs, Comments and Archive News on Economictimes.com To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Here’s what to do now. View First Quantum Minerals' Earnings History. Ravensthorpe Nickel Operation in Australia re-opened in 2020, producing Nickel MHP. (Updates with copper output in penultimate paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. By providing your email address below, you are providing consent to First Quantum Minerals Ltd. to send you the requested Investor Email Alert updates. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.02.