FQM commended for being a good corporate citizen

Political activist Chanda Mulenga has observed that First Quantum Minerals (FQM’s) plans to invest 1.25 billion dollars in the Kansanshi mine shaft 3 expansion project is a clear demonstration of investor confidence in President Hakainde Hichilema.

Mr. Mulenga says the planned investment would help the country to meet the target of producing 3 million tons of copper in the next 10 years.

He has commended FQM for being a good corporate citizen by offering a renewed vibrancy in the mining sector. 

Mr. Mulenga has also applauded the efforts by President Hichilema to create jobs through attracting new investors and encouraging existing ones to expand their operations. 

He notes that the FQM project might extend the life of the mine until the 2040s, increase copper and gold production by around 25%. 

Mr. Mulenga adds that the project will also add approximately 800 permanent jobs, and a further 1,800 during the construction phase.