FQM To Pump $650M Into Kansanshi Mine
First Quantum Minerals (FQM) pumps about US$650 million investment that will double copper output and extend the life of Kansanshi Mine to 24 years under the 2023/2024 business calendar. And the mining giant has cautioned shareholders that the expansion project can only go ahead if the company is confident of a competitive fiscal regime, which will in turn dictate capital availability. FQM Country Manager General Kingsley Chinkuli said the most important element of restarting projects that stalled and making Zambia’s mining sector attractive to investors is the need for a…
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