In October 2019, First Quantum indicated that the company is in talks with Jiangxi Copper to sell a minority stake in its Zambian copper mine assets. As of December 9, new progress was made in the acquisition of Jiangsu Copper.Jiangxi Copper announced that Jiangxi Copper (Hong Kong) Investment Co., Ltd. (hereinafter referred to as JCCI), a wholly-owned subsidiary of the company, plans to acquire 100% equity of PIM Cupric Holdings Limited (hereinafter referred to as PCH). The equity transfer was valued at US $ 1.116 billion (approximately 7.855 billion yuan).

PCH was formerly a company established by Jiangxi Copper Indirect Shareholder Company PIM, which was used to acquire the shares and interests of First Quantum Minerals Ltd (hereinafter referred to as FQM). FQM is the owner of Kansanshi Copper Mine, the largest copper mine in Africa. He has developed several mines in Zambia, Panama, Peru and other countries. Of course, the three mines already in operation in Zambia and Panama are world-class mines.

The global copper ore reserves total about 700 million tons. The copper ore resources controlled by FQM account for about 7.04% of the global copper ore reserves. Controlled about 49.25 million tons of copper resources worldwide. The actual copper output of FQM in 2018 was about 606,000 tons. Editor / Zhang Xianglong