CAPITAL MARKETS

First Quantum Zambia bill sparks downgrade

First Quantum Minerals (CN:FM) has managed to quell strike action at its in-development Cobre Panama copper-gold mine, but its battle with regulators in Zambia is now taking centre stage.

Staff reporter
In 2017, around 85% of the company’s copper production of 573,963 tonnes came from the Sentinel (pictured) and Kansanshi mines in Zambia

In 2017, around 85% of the company’s copper production of 573,963 tonnes came from the Sentinel (pictured) and Kansanshi mines in Zambia

The copper miner's stock fell 15% last week after the Zambia Revenue Authority (ZRA) issued it with a US$7.9 billion tax bill reportedly related to certain items imported into Zambia for the Sentinel project...

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