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Canadian mining company First Quantum Minerals (FQM) is intensifying its geological exploration efforts in Kazakhstan. FQM, whose major shareholder is China's Jiangxi Copper, is focusing on copper exploration within the country.
In an exclusive interview with inbusiness.kz during the XIV Mining and Exploration Forum MINEX Kazakhstan 2024 in Astana, James Banyard, the Geology Manager of FQM Exploration Kazakhstan, revealed the company's plans. "First Quantum recently established a presence in Kazakhstan in 2023 and hired five Kazakh professionals for our Almaty office. We have two options for joint geological exploration projects with Pallas Resources. Currently, we are building our geological portfolio here in Kazakhstan. Our upcoming summer activities will include mapping and geophysics across several projects. Over the next five years, we aim to evaluate other projects and establish strategic partnerships throughout the country. Our regional strategic plan aligns with a long-te