First Quantum had been in Zambia since the mid 1990s, trying to make a living out of reclaiming lost copper from left over tailings ponds. It worked – to a degree - but in reality the operation was making more money from the acid produced as a bi-product of the reclamation process than from the copper itself due to depressed commodity prices. FIRST Quantum Minerals is to retrench 2,500 staff at its Zambian facilities in the first quarter of 2019 following the southern African country's plans to increase mining taxes, according to Reuters. The layoffs will affect 1,250 employees at the Kansanshi mine in Solwezi and 1,250 at the Sentinel mine at Kalumbila, said Reuters. Zambia's local []

First Quantum shares drop as ZRA issues

First Quantum Minerals Ltd. has been accused by the Zambia Revenue Authority of underpaying its taxes by more than USD$10 billion over a period of five years. ZRA said in a statement it had issued a preliminary tax assessment of ZMK76.5 billion (USD$8.04 billion) to a prominent company for classifying imported goods as mining machinery, which attract no custom duty.

First Quantum Minerals Ltd. has grown from a small mineral operation in Zambia into a multinational mining business in less than two decades, with a global portfolio of copper and nickel assets in Europe, Africa, Australia and South America.

First Quantum's Kansanshi mine in Zambia SHARES in First Quantum Minerals moved as high as 5% on December 9 amid renewed speculation the Toronto-listed company could be the subject of a takeover. China's Jiangxi Copper Company agreed to pay $1.1bn for a stake in First Quantum

First Quantum Minerals Ltd Zambia Job Vacancies by CJStanley Published July 2, 2015 Updated July 2, 2015 First Quantum Minerals Ltd. has grown from a small mineral operation in Zambia into a multinational mining business in less than two decades, with a global portfolio of copper and nickel assets in Europe, Africa, Australia and South America.

First Quantum Minerals Ltd. - Live and in Zambia Since 1996 we have been a proud corporate of the Zambian community. Today, we operate two mines in Zambia's North Western Province Kansanshi, near the town of Solwezi, and Sentinel, about 150km west from Kansanshi.

First Quantum Minerals

History First Quantum was founded in 1983 under the name Xenium Resources.It changed its name to Zeal Capital in 1989, First Quantum Ventures in 1993, and First Quantum Minerals in 1996. Its first significant operation was the Bwana Mkubwa mine in Zambia, acquired in 1996.

First Quantum Minerals paid more than US$533 million (K5.6 billion) in taxes to the Zambian government in 2018, with an additional US$10 million spent on community and infrastructure projects. Contributions to the nation's coffers accounted for two thirds of the

2018/12/10Zambia: NGO says First Quantum Minerals failed to adequately restore locals' livelihoods after resettlement to pave way for mining operations; company did not respond A letter by Zambia-based Network for Community Resource Governance (NCRG) to First Quantum Minerals (FQM) reveals how the company failed to restore the local community's livelihood after it was resettled to pave way for the

First Quantum Minerals Limited has lamented the constrained copper smelting capacity in Zambia which has negatively affected the company's annual profits recorded at its Kansanshi unit in Solwezi, north western province, a company official says. Chief executive

However, Zambia's leading economists have cautioned government over the 2019 mining tax regime that has raised the tax burden on mines to "unsustainable and uncompetitive" levels. The new tax measures targeted at the mining sector in the 2019 budget saw the royalties increasing from 4% to 6%, and introduced a new 10% tax when the price of copper exceeds $7 500/t.

First Quantum Minerals Ltd. [FM-TSX] shares have fallen sharply this week (May 20-24) as investors reacted to power supply concerns and political tensions in Zambia, where the company has key mining and development projects. They include the Kansanshi

First Quantum is a leader in the mining industry and can takes complete responsibility for mine, infrastructure and development needs. First Quantum's diverse skills and knowledge have been successfully applied to some of the resource industry's most challenging and complex projects.

First Quantum Minerals Ltd. has grown from a small mineral operation in Zambia into a multinational mining business in less than two decades, with a global portfolio of copper and nickel assets in Europe, Africa, Australia and South America.

FIRST QUANTUM MINERALS : Shareholders Board

First Quantum Minerals specializes in exploring, producing and marketing non-ferrous metals. Net sales break down by family of products as follows: - copper (91.2%): cathodes, strips, rods, anodes, copper sulphate and concentrates (605.8 Kt produced in 2018);

FIRST Quantum Minerals is to retrench 2,500 staff at its Zambian facilities in the first quarter of 2019 following the southern African country's plans to increase mining taxes, according to Reuters. The layoffs will affect 1,250 employees at the Kansanshi mine in Solwezi and 1,250 at the Sentinel mine at Kalumbila, said Reuters. Zambia's local []

F our big mines dominate Zambia's copper production, complemented by several smaller players who also play an important role. All the mines are backed by a wide range of respected international investors. The Zambian government, through its investment-holding

Okay, so Zambia's mines don't make the Top 10; but they aren't too far behind and feature in the Top 20. Sentinel mine, operated by First Quantum Minerals (FQM), is the 15th biggest copper mine in the world, producing about 300 000 tonnes of copper every

Canadian metals and mining firm First Quantum Minerals is reportedly planning to cut more than 1,000 jobs at the Kalumbila copper-nickel mine located in Zambia. Quoting Zambia Labour Minister Joyce Simukoko, Reuters reported that the company is looking to enforce the cuts next month when the government's proposed tax hikes will come into force.

END OF MY ZAMBIAN CHAPTER-MATT PASCAL, FIRST QUANTUM MINERALS CHAIRPERSON • We have to shed 1000 jobs as it's the only cost we can vary • ZRA refuses to allow us to bring fuel at costs demanded by SADC Protocols • We are owed $400million in VAT tax refunds. •Zambia may be taxing the mine []

First Quantum Minerals paid more than US$533 million (K5.6 billion) in taxes to the Zambian government in 2018, with an additional US$10 million spent on community and infrastructure projects. Contributions to the nation's coffers accounted for two thirds of the