First Quantum Minerals Ltd. has added Hanjun Xia from Jiangxi Copper Co Ltd. to its board of directors after reaching a standstill agreement with its second-largest shareholder earlier this year.

This move is aimed at improving the company's governance and aligning interests with key stakeholders. Alongside Xia, Juanita Montalvo, a managing partner at a Cuban financial advisory firm, has also been appointed to the board.

The company's earnings statement, released on Tuesday, announced these appointments as part of their proactive approach to strengthening leadership and oversight in response to ongoing developments in the copper market.