Document:

Stock Purchase Agreement , dated as of January 30, 2006

 Exhibit 10.2 
  
 STOCK PURCHASE AGREEMENT 
  
 THIS STOCK PURCHASE AGREEMENT (the “Agreement”), made as of January 30, 2006, by and between John D. Gottwald (the “Seller”) and
Albemarle Corporation, a Virginia corporation (the “Company”), provides as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 When used in this Agreement, the
following terms shall have the meanings specified: 
  
 1.1
Closing. “Closing” shall mean the conference held at 10:00 a.m., local time on the Closing Date, at the offices of the Company in Richmond, Virginia or such other place as the parties may mutually agree. 
  
 1.2 Closing Date. “Closing Date” shall mean the third
business day after the determination of the Purchase Price and the satisfaction of the conditions set forth in Article IV hereof, or such other date to which the parties may mutually agree. 
  
 1.3 Common Stock. “Common Stock” shall mean the
Company’s authorized common stock, par value $0.01 per share. 
  
 1.4 Price Per Share. “Price Per Share” means $0.05 less than the average closing price of a share of the Common Stock, as determined by the Company’s Chief Financial Officer based on trade data provided by the New York
Stock Exchange (as reported in the Wall Street Journal), for the third through the fifth business day following the date of release to the public of the Company’s earnings for the year ended December 31, 2005. 

 1.5 Purchase Price. “Purchase Price” shall mean the sum of the Price Per Share
multiplied by the total number of shares of Stock. 
  
 1.6
Stock. “Stock” shall mean 85,655 shares of Common Stock. 
  
 ARTICLE II 
  
 PURCHASE
AND SALE 
  
 2.1 Commitment to Sell. At the Closing,
and upon all of the terms and subject to all of the conditions of this Agreement, the Seller hereby agrees to sell, transfer, assign and deliver to the Company one or more certificates evidencing the Stock, free and clear of all liens, claims,
mortgages, encumbrances and claims of any third party. 
  
 2.2
Commitment to Purchase. Upon all of the terms and subject to all of the conditions of this Agreement, the Company agrees to purchase the Stock and in full payment therefor the Company shall deliver the Purchase Price to the Seller on the
Closing Date in immediately available funds. 
  
 ARTICLE III

  
 REPRESENTATIONS AND WARRANTIES 
  
 The Seller hereby represents and warrants to the Company that the Seller owns
good and valid title to the Stock being sold by the Seller, free and clear of any liens, encumbrances or claims and that the Seller has the right to sell such shares to the Company without violating any obligation. The Seller represents and warrants
that he does not know of any non-public information about the Company that a reasonable investor would consider material to a decision whether to sell Common Stock. 
  

 2 

 ARTICLE IV 
  
 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE PARTIES 
  
 Each and every obligation of the parties to be performed on the Closing Date shall be subject to the satisfaction prior to
or at the Closing of the following express conditions precedent (it being the understanding of the parties that any of such conditions may be waived by the parties): 
  
 4.1 No Adverse Change. Since the date of this Agreement, neither the Company nor the Seller shall have sustained any
change in its or his businesses or assets that is likely to have a material adverse effect, in the reasonable judgment of any party, on the Company’s or the Seller’s financial condition. 
  
 4.2 Market Changes. Between the date of this Agreement and the Closing
Date, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange or the National Association of Securities Dealers, Inc. Automated Quotation
National Market System; (ii) a general moratorium on commercial banking activities in New York or Virginia declared by federal, New York or Virginia authorities; (iii) the engagement by the United States in hostilities which have resulted
in the declaration of a national emergency or war or the escalation of any such hostilities if any such event specified in this clause (iii) is likely to have a materially adverse effect, in a party’s reasonable judgment, on the
Company’s financial condition or business prospects; or (iv) such a material adverse change in general economic, political, financial or international conditions affecting financial markets in the United States having a material adverse
impact on trading prices of securities in general as is likely to have a materially adverse effect, in a party’s reasonable judgment, on the Company’s financial condition or business prospects. 
  

 3 

 4.3 Final Range of Price for Stock. The Price Per Share shall not be more than $46.00 or less than
$42.00 without the mutual consent of the parties hereto. 
  
 ARTICLE V 
  
 MISCELLANEOUS 
  
 5.1 Expenses. Each of the parties hereto shall pay the fees and
expenses of their respective counsel, accountants, investment bankers and investment advisors, and any other expenses incident to the negotiation and preparation of this Agreement and consummation of the transactions contemplated hereby. 

 
 5.2 Governing Law. This Agreement shall be construed and
interpreted according to the laws of the Commonwealth of Virginia, without regard to the conflicts of law rules thereof. 
  
 5.3 Assignment. This Agreement and each party’s respective rights hereunder may not be assigned at any time without the prior written consent
of the other parties hereto. 
  
 5.4 Notices. All
communications, notices and disclosures required or permitted by this Agreement shall be in writing and shall be deemed to have been given at the earlier of the date when actually delivered to an officer of the Company or to in the case of the
Seller, to John D. Gottwald, or when deposited in the United States mail, certified or registered mail, postage prepaid, return receipt requested and addressed as follows, unless and until either of such parties notifies the other in accordance with
this Section 5.4 of a change of address: 
  

			
	If to the Company:	  	Albemarle Corporation
	 	  	330 South Fourth Street
	 	  	Richmond, Virginia 23219
	 	  	Attention: Luther C. Kissam, IV, Esq.
		
	If to the Seller:	  	Mr. John D. Gottwald
	 	  	1100 Boulders Parkway
	 	  	Richmond, Virginia 23225

  
 [Signature page
follows] 
  

 4 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the day and year
first above written. 
  

			
	ALBEMARLE CORPORATION
		
	By:	 	 /s/ Luther C. Kissam, IV

	Name:	 	Luther C. Kissam, IV
	Title:	 	 Senior Vice President, General Counsel
     and Secretary

	
	John D. Gottwald
	
	 /s/ John D. Gottwald

  

 5Quantum Exhibit 4.1

Exhibit 4.1 

CONSENT OF INDEPENDENT
CHARTERED ACCOUNTANTS  

We hereby consent to the incorporation
by reference in the registration statement on Form F-80 (the “Registration
Statement”) of First Quantum Minerals Ltd. (the “Company”) of our
auditors’ report dated March 15, 2005, on the consolidated balance sheets of the
Company as at December 31, 2004 and December 31, 2003 and the consolidated statements of
operations and deficit and cash flows for the years then ended. 

We also consent to the references to
us under the headings “Experts” and “Documents Filed as part of the
Registration Statement” in the Registration Statement. 

/s/ PRICEWATERHOUSECOOPERS
LLP 
Chartered Accountants  

Vancouver, British Columbia

February 2, 2006First Quantum Exhibit 4.2

Exhibit 4.2

CERTIFICATE AND CONSENT 

	TO:	 	British Columbia Securities Commission

Alberta Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)	 
	 
	AND TO:	 	Fasken Martineau DuMoulin LLP	 
	 
	RE:	 	Offer to Purchase and Circular of First Quantum Minerals Ltd.	 

     

I, M. Gayle Hanssen, hereby
certify that I am a qualified person as described in National Instrument 43-101. I am the
principal author of the technical report entitled “The Frontier Copper Project,
Katanga Province, Democratic Republic of the Congo”, dated June 9, 2005 and the
co-author of the technical report entitled “The Lonshi Copper Mine, Katanga
Province, Democratic Republic of the Congo”, dated January 30, 2003, as amended
March 26, 2003 (collectively, “the Technical Reports”) prepared for First
Quantum Minerals Ltd. 

I further certify that I have read the
disclosure in the offer to purchase and circular of First Quantum Minerals Ltd. dated
February 2, 2006 together with the documents incorporated by reference therein,
(collectively, the “Circular”) which includes disclosure derived from the
Technical Report and I do not have any reason to believe that there are any
misrepresentations in the information derived from the Technical Reports that is contained
in the Circular or that the disclosure in the Circular contains any misrepresentation of
the information contained in the Technical Reports. 

I consent to the filing of the
Technical Reports with the British Columbia Securities Commission, the Alberta Securities
Commission, the Ontario Securities Commission and the Autorité des marchés
financiers (Québec) and to the disclosure of the Technical Reports, as well as any
extracts from and summary of the Technical Reports, in the Circular. 

Dated this 2nd day of February, 2006. 

  

	 	/s/ M. Gayle Hanssen
              
              
            

M. Gayle Hanssen, 
	 	BSc (Hons.), Natal, Pr. Sci. Nat

CERTIFICATE OF
QUALIFIED PERSON 

As an author of the report entitled
“The Frontier Copper Project, Katanga Province, Democratic Republic of the
Congo”, dated June 9, 2005 and the co-author of the technical report entitled
“The Lonshi Copper Mine, Katanga Province, Democratic Republic of the
Congo”, dated January 30, 2003, as amended March 26, 2003 (collectively,
“the Technical Reports”) prepared for First Quantum Minerals Ltd., (the
“Issuer”), I, M. Gayle Hanssen, do hereby certify that: 

	1.  	  	I
          am Director and Geological Consultant of Digital Mining Services, of 4 Elsworth
          Ave, Belgravia, Harare, Zimbabwe. 

	2.  	  	My
residential address is: 15 Metcalf Road,           Greendale, Harare. 

	3.  	  	I
graduated with a BSc. (Hons.) in Geology from the           University of Natal,
Pietermaritzburg, South Africa in 1985. 

	4.  	  	I
am a           registered member in good standing of the South African Council for
Professional           Natural Scientific Professions. (SACNASP). 

	5.  	  	I
          have worked continuously as an economic geologist for a total of 19 years since
          my graduation from university. 

	6.  	  	I
have read the definition of “qualified           person” set out in National
Instrument 43-101 (“NI 43-101”) and           certify that by reason of my
education, affiliation with a professional association (as defined in NI 43-101) and past
relevant work experience, I fulfill the requirements to be a “qualified person” for
the purposes of NI 43-101. 

	7.  	  	I
am responsible for the preparation of the Frontier Copper Project and partly
responsible for preparation of the Lonshi Copper Mine Technical Reports. The
mineral resource was carried out by an independent consultant. I have visited
the site on numerous occasions since October 2003.  

     	8.	
          I have had prior involvement with the property that is the subject of the
          Technical Report. The nature of my prior involvement includes resource
          estimations in 2004 and 2005. 

          

     	9.	
          I am not aware of any material fact or material change with respect to the
          subject matter of the Technical Report that is not reflected in the Technical
          Report, the omission to disclose which makes the Technical Report misleading. 

          

     	10.	
          I am independent of the Issuer applying all of the tests in section 1.5 of
          National Instrument 43-101. 

          

- 2 - 

     	11.	
I have read NI 43-101 and Form
43-101F1, and the Technical Report has been prepared in compliance with that instrument
and form.

          

Dated this 2nd day of February, 2006. 

  

	
/s/ M. Gayle Hanssen
              
              
     

M. Gayle Hanssen, 	
	BSc (Hons.), Natal, Pr. Sci. Nat

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