Headquarters
    Canada
    Stock Exchange Listings
    TSX:FM - LUSE: FQMZ
    Workforce
    Employees: 21,300 (31/12/2018)
    Contract workers: Not reported (31/12/2018)
    Total: Not reported (31/12/2018)
    Geographic Footprint
    Producing countries: 6
    Known tax jurisdictions: 7
    Revenues (in BUSD)
    Total Revenue: 3.966 (31/12/2018)
    Net Income: 0.508 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 3
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 2
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results are low overall and First Quantum Minerals’ results are largely dependent on the formal commitments it has made: to prevent bribery and corruption, respect human rights, ensure safe and healthy working conditions, and manage its environmental impacts systematically. However, the company’s environmental management commitment does not incorporate the mitigation hierarchy approach of prioritising prevention and avoidance of impacts above measures to minimise, restore or offset the residual impacts. In its company-wide results, First Quantum Minerals’ results also stem in part from its disclosure of the payments it makes to subnational and national governments, in accordance with Canada’s Extractive Sector Transparency Measures Act.

    First Quantum Minerals ranks 25th among the 38 companies on its mine-site-level results, with an average score of only 5% in the mine-site assessment.

    First Quantum Minerals’ overall results in the company-wide assessment is below the average achieved across all 38 companies in all six thematic areas, and the company’s results are limited by a lack of evidence of systematic action on issues such as addressing the health and safety needs of women workers, tracking the quality of its relationships with affected communities, and basing its recruitment and employment practices on equal opportunity.

    Moreover, the overall results of the five First Quantum Minerals mine sites included in the mine-site assessment are strikingly weak. None of these mine sites show any relevant evidence on six of the ten issues covered in the mine-site assessment: local employment, community grievances, worker grievances, air quality, water quality and quantity, and tailings management.

    Overall results

    Economic Development

    0.50 / 6.002020

    Business Conduct

    1.77 / 6.002020

    Lifecycle Management

    0.71 / 6.002020

    Community Wellbeing

    0.74 / 6.002020

    Working Conditions

    1.06 / 6.002020

    Environmental Responsibility

    1.18 / 6.002020

    Average Mine-Site Score

    5.1%2020
    2020
    0.50
    score / 6

    Economic Development

    2020
    1.77
    score / 6

    Business Conduct

    2020
    0.71
    score / 6

    Lifecycle Management

    2020
    0.74
    score / 6

    Community Wellbeing

    2020
    1.06
    score / 6

    Working Conditions

    2020
    1.18
    score / 6

    Environmental Responsibility

    2020
    5.1
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Cobre Las CrucesCobre PanamaGuelb MoghreinPyhäsalmiÇayeli
    Local Employment
    (score /3)
    0.00.00.00.00.0
    Local Procurement
    (score /3)
    0.50.00.00.00.0
    Post-Closure Plans
    (score /3)
    0.50.01.00.50.5
    Community Grievances
    (score /3)
    0.00.00.00.00.0
    Worker Grievances
    (score /3)
    0.00.00.00.00.0
    Air Quality
    (score /3)
    0.00.00.00.00.0
    Water Quality
    (score /3)
    0.00.00.00.00.0
    Water Quantity
    (score /3)
    0.00.00.00.00.0
    Tailings Management
    (score /3)
    1.01.01.01.0-
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.5
    Mine-site Score
    (%)
    6.73.36.75.03.7

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Cobre Las Cruces-Spain100CopperOpen-pit
    Cobre Panama-Panama90CopperOpen-pit
    Guelb MoghreinAkjoujtMauritania100Iron Ore, Copper, GoldOpen-pit
    Kansanshi-Zambia80Copper, GoldOpen-pit
    Pyhäsalmi-Finland100Copper, Zinc, Gold, PyriteUnderground
    SentinelTridentZambia100CopperOpen-pit
    Çayeli-Turkey100Copper, ZincUnderground

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    Ravensthorpe-Australia100NickelOpen-pit2017

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    Pangaea Investment Management Ltd10.83%
    Capital Research Global Investors7.43%
    Capital World Investors7.34%
    The Vanguard Group, Inc.2.61%
    BlackRock Investment Management (UK) Ltd.2.59%
    RBC Global Asset Management Inc.1.52%
    Fidelity Investments Canada ULC1.51%
    CI Investments Inc.1.36%
    Van Eck Associates Corporation1.33%
    M & G Investment Management Ltd.1.32%
    BlackRock Institutional Trust Company, N.A.1.30%
    APG Asset Management N.V.1.07%
    RWC Asset Advisors (US) LLC0.95%
    RWC Partners Limited0.86%
    Mackenzie Financial Corporation0.84%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Philip Pascall0.97
    Clive Newall0.41
    Peter St. George0.07
    Andrew B. Adams0.01
    Paul Brunner0.01
    Zenon Wozniak<0.01%
    Hannes Meyer<0.01%
    Simon Scott<0.01%
    Kathleen A. Hogenson<0.01%
    Robert Harding<0.01%

    Subsidiaries (known)

    As of: 31/12/2018Country
    Çayeli Bakir ISletmeleri A.S. (“Çayeli”)Not Reported
    Cobre Las Cruces S.A. (“Las Cruces”)Not Reported
    Corriente Argentina S.A. (“Taca Taca”)Not Reported
    First Quantum Mining and Operations Limited (“FQMO”)Not Reported
    Kalumbila Minerals Limited (“Sentinel”)Not Reported
    Kansanshi Mining PLC (“Kansanshi”)Not Reported
    Mauritanian Copper Mines SARL (“Guelb Moghrein”)Not Reported
    Metal Corp Trading AG (“Metal Corp”)Not Reported
    Minera Antares Peru S.A.C. (“Haquira”)Not Reported
    Minera Panama S.A. (“MPSA” or “Cobre Panama”)Not Reported
    Pyhäsalmi Mine Oy (“Pyhäsalmi”)Not Reported
    Ravensthorpe Nickel Operations Pty Ltd. (“Ravensthorpe”)Not Reported

    Tax Jurisdictions (known)

    Canada

    Finland

    Mauritania

    Panama

    Spain

    Turkey

    Zambia

    Investor / State Disputes
    (since 2014)

    No case