“We’re busy getting the data room available for people to be able to look at the data, but there isn’t a specific timeframe,” Harding said in an interview on Monday in Toronto. “It’ll take whatever it takes for those other organizations to go through the data room and make decisions, and come back to us with potential proposals.”
First Quantum has been under pressure to strengthen its balance sheet and raise cash after its flagship copper mine in Panama was shuttered last year. The firm sold about $1 billion in stock and raised $1.6 billion from a notes offering last month, and it has said it may look at selling smaller mining assets.
Harding said the company is looking for a partner in Zambia that could “perhaps take interest in that asset, but also be interested in working with us on a future project.” The firm is looking for a party that is interested in exploring and developing greenfield mining projects…
