First Quantum says it will not rush into sale of Zambian copper mines stake

JOHANNESBURG, Feb 12 (Reuters) - First Quantum Minerals FM.TO will not rush into a deal to sell a minority stake in its Zambian copper mines, CFO Ryan MacWilliam told analysts on Wednesday after the miner's fourth-quarter results.

The Canadian miner wants to secure a long-term partner at its Zambian mines and there are no "specific timelines" for the sale, he said.

"We have been consistent throughout that any arrangements we enter into in Zambia will be for the next 25 years," MacWilliam said. "It's really about getting the right agreement rather than a quick agreement."