S&C Advises First Quantum in Resolving Disputes and Expanding Operations in ZambiaJune 17, 2022
First Quantum Minerals, through its Zambian subsidiaries FQM Trident Limited (Trident) and Kansanshi Mining PLC (KMP), announced on May 9 that it had agreed with the Government of Zambia to resolve matters involving the Kansanshi and Sentinel copper projects. This includes reaching agreement in respect of outstanding value-added tax receivable sums.
The agreement also secured the basis for two new key investments by First Quantum into Zambia. KMP will undertake a $1.25 billion expansion project to extend the life of its Kansanshi copper-gold mine. Trident will continue to own and operate the Sentinel copper mine and will also invest $250 million to develop the Enterprise nickel deposit.
First Quantum, a Canadian-based international mining company, is the biggest mining company in Zambia and one of the world's top ten copper producers.
S&C led the negotiations for First Quantum. The S&C team included Stewart Robertson, Sam Saunders, Sarah Mishkin and Stephanie Taylor.