First Quantum Minerals, the owner of Africa’s biggest copper mine, is drawing preliminary takeover interest from global miners after losing half its value over the past five years, people with knowledge of the matter said.
Vancouver-based First Quantum, which has a market capitalisation of C$7.7-billion, is working with defense advisers to examine its options, according to the people. It hasn’t yet received any formal takeover offers, the people said, asking not to be identified because the information is private.