First Quantum Minerals reports the restoration of full power supply to its Zambian operations First Quantum Minerals.
First Quantum has reported that ZESCO restored full power supply to its Kansanshi operation and Sentinel project on August 6, 2015.
This follows the receipt of notice of the declaration of Force Majeure for the supply of electricity from ZESCO to Kansanshi and the subsequent reduction in electricity supply to both Kansanshi and Sentinel as reported on July 27, 2015.
First Quantum Minerals President Clive Newall said while the Company believes some restrictions may be re-imposed during the remainder of 2015, ZESCO has stated that it has contracted independent power producers such as Maamba Collieries Limited and Itezhi Tezhi Power Corporation through the signing of Power Purchase Agreements to procure more electricity by the end of 2015.
