First Quantum may team-up with Rio Tinto to develop Peru copper mine

Canadian miner First Quantum Minerals is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum’s CEO said on Wednesday.

"That is what we are going to explore and it just depends on what kind of partner we get," First Quantum CEO Philip Pascall said on the sidelines of a conference in London, referring to the company’s plans to find strategic partners.