First Quantum Minerals yesterday revealed that its board has approved plans for a US$1.25 billion expansion of the company's Kansanshi copper mine in Zambia, citing renewed confidence in the country’s investment climate. The TSX-listed miner pointed to the business-friendly reforms implemented by the Zambian Government since...
Canadian mining giant First Quantum Minerals is pondering an investment of around US$1 billion to boost falling production at the Kansanshi copper mine in Zambia, according to a company document seen by Reuters. In the presentation given to Zambian government officials, First Quantum said the investment...
Canadian miner First Quantum Minerals had made a U-turn on plans to lay off 2,500 workers in Zambia and pledged to extend talks with the government over the issue of increased mining taxes. The TSX-listed firm announced last month that it would be implementing job cuts...
The Australian High Commissioner to Zambia has called for a stable business environment to ensure investment continues to flow into the mining sector, following recent government proposals to increase royalty tax on the sector. “For any productive direct investment, the operating environment has to be right,”...