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UPDATE: First Quantum Minerals Edges Off 1%; Expects Zambia Environment Study Approval "Soon"

First Quantum Minerals (FM.TO), which plans to build the $1 billion Trident copper mine in Zambia, was slightly lower by 1% at $120.19 after reportedly announcing that it expects regulators in the southern African country to approve its environmental impact study "soon", according to a Bloomberg report.

A company official was cited as saying that a decision may come after the environmental authority completes a transition, although the company "feels confident that the transition from the old ECZ to the new ZEMA will occur in a timely manner so as not to impact on the development schedules of the pipeline of development projects currently being executed in Zambia."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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