First Quantum Minerals has been a City success story since the copper miner floated on AIM in 2001, with its share price multiplying 26 times. Capitalised at £2.7bn, it is a major presence on Aim.
‘The move to the main market should underpin the shares and provide the company with access to new investors,’ said Hogarth consultant Sarah MacLeod, who heads the account.
This year the company posted a pre-tax profit of £69.2m, up from £46m the previous year.
The Canadian firm has this month opened up a new programme to search for copper in Zambia’s Central Province as well as in the Democratic Republic of Congo. Currently it has three mines in production and a wave of exploration projects in the offing.
Hogarth has a history of working with mining firms, taking a brief for AngloGold Ashanti, the world’s second biggest gold producer, in November last year (PRWeek, 5 November, 2006).