First Quantum and Rio Tinto Announce Completion of the La Granja Agreement
TORONTO, Aug. 27, 2023 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) and Rio Tinto have completed the previously announced transaction to progress the next phase of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world.
“La Granja has the potential to be a large, long-life operation and supply the copper that will be needed as the world transitions to the greener economy and where responsible mining will be the only acceptable way to produce metals. Adding this major project to our portfolio will give First Quantum future optionality in the Company’s project pipeline while we focus on strengthening the balance sheet in the interim. As operator, we will leverage our core strengths in mine design, project development and community engagement and look...