First Quantum Minerals Co-Founder Philip Pascall Passes Away

Toronto-listed mining company First Quantum Minerals announced on Tuesday the passing of Philip Pascall, co-founder and former CEO of the company. Pascall, who served as the chairperson since the company’s inception in 1996, passed away at his home in Perth, Western Australia.

Under Pascall’s leadership, First Quantum Minerals experienced significant growth, transforming from a small tailings re-processor in Zambia to one of the world’s largest copper producers with operations across five continents and over 20,000 employees worldwide. Pascall was known for instilling an entrepreneurial and bold culture within the company.

Lead independent director Robert Harding has been elected as interim chairperson following Pascall’s death. Harding, on behalf of the board of directors, expressed condolences to the Pascall family and friends and recognized Pascall’s extraordinary leadership in shaping First Quantum into the multinational mining company it is today. Harding also mentioned Pascall’s impact as a friend and mentor to many within the company.

First Quantum CEO Tristan Pascall, Philip Pascall’s son, stated that his father’s passing is a significant loss for the company, but emphasized that Philip would want the focus to be on the future. Tristan highlighted his father’s commitment to project execution, operational excellence, and social responsibility, and expressed the company’s intent to continue building on his substantial legacy.

The mining industry mourns the loss of Philip Pascall, a visionary leader who propelled First Quantum Minerals to its present stature.

– Tailings re-processor: A facility or process that reprocesses mining waste materials, known as tailings, to extract valuable minerals or other resources.
– Copper producer: An entity involved in the exploration, extraction, and processing of copper ore to produce copper metal or copper-based products.

– First Quantum Minerals announcement, October [Date], [Year]