First Quantum ups its Zambian commitment

摘要

First Quantum Minerals Ltd plans to invest more than $US4 billion in a new mine and expansion projects in Zambia in the next two to three years, a company official said.Adam Little, head of tax at First Quantum, told Reuters more than $US2 billion would go into upgrading its Kansanshi mine while its new Trident mine would absorb about $US1.7 billion.First Quantum has been talking to the Government on deals to guarantee policy stability, he said."It would be nice and would help us with our investment if we could have some assurance for maybe 15 years that the tax rates would be as you see them now," Little said.Little also urged the Government to reduce mineral royalty taxes, which doubled to 6% last year.