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Tag Archives: First Quantum Minerals (FQM)

FQML bemoanes new revised mineral royalty taxes by Government

Zambia’s largest miner First Quantum are up in arms against the revised mineral royalty taxes saying the proposal to review the regime will have devastating impacts on the Country’s Mining Sector and capital investments as well as new projects. Recently, the mining company announced plans to put aside its planned …

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Sentinel Kalumbila mine aim to start production in 2013

First Quantum Minerals Limited forecasts to produce 300,000 tons of copper by the end of this year at its ‘Greenfield’ Sentinel Kalumbila mine by the end of this year, a mine official says. The Sentinel mine, part of the US$2 billion Trident project located west of Solwezi in North-Western Province, …

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“Use mining revenue to improve social sector,” says United Kingdom

“African Governments and mining companies that they host should co-exist in ensuring that the revenues realised from mining activities are translated into improving people’s welfare,” a United Kingdom official says. Lynne Featherstone, the United Kingdom’s Minister for International Development urged mining companies and African governments to ensure that mining revenues helped to …

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Zambia’s Mineral Tax Regime

By: Kayombo Musumali. (Mining Engineer) 17th of February 2014, Zambia’s Extractive Industries Transparency Initiative (EITI) report was officially published indicating that Zambia’s mining revenue in 2011 rose 81% to US $1,360 million (ZMW 7.5 billion) compared to the 2010 figures ($750 million) representing an over 30% contribution to government revenue. …

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