Kalumbila Minerals changes name

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Kalumbila Minerals changes name

Kalumbila Minerals Ltd in Zambia has changed its trading name to ‘FQM Trident Limited’, a move that aims to better reflect three licence identity.

The name ‘FQM Trident Limited’ incorporates the mining firm’s identity as a 100% First Quantum Minerals-owned company and is inclusive of all the Trident Project operations. Since its inception, the company’s mining operations and project has incorporated three mining licences, namely Sentinel, Enterprise, and Intrepid which collectively make up ‘The Trident Project.’ It does not include the large Kansanshi operation which is operated by Kansanshi Mining PLC, which is 80% owned by First Quantum.

FQM Trident Limited

Constructed over four years from 2012, the mine represents US$2.1 billion of investment, Zambia’s largest infrastructure investment since the Kariba Dam was constructed in 1959. The operation is based on sophisticated technology as an example, at Sentinel, there are three 57 m3 bucket capacity electric rope shovels while one of the world’s largest trolley assist systems is used for waste haulage utilising Liebherr T 284, Komatsu 860E and Komatsu 960E trucks.

In its recent Climate Change Report published in January 2022, FQM states: “GHG emissions are reduced at our Kansanshi and Sentinel mines through the use of trolley assist technology. The technology lowers overall diesel consumption and operating costs, saves on maintenance and increases productivity with a reduced GHG emissions profile…looking to the future, we see a number of ways that trolley assist technology can be used to further improve First Quantum’s energy efficiency. Our long-term life-of-mine plans include trolley assist technology, taking dedicated permanent trolley ramps as deep as possible to make the most of the electrical power-assist. Our trolley assist technology offers the potential for future integration with battery technology that will be key to the further abatement of GHG emissions.”

The rebranding process is expected to be completed during the first quarter of 2022. Thereafter, all communications and correspondence will be transitioned to reflect FQM Trident Limited.

“FQM Trident Limited will remain a fully owned subsidiary of First Quantum Minerals Limited as there is no ownership or control structure change. There will be no changes to conditions of employment or any effect to the day-to-day operations at Sentinel and Enterprise Mines,” Egner noted.

 

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