Comments on: First Quantum confirms talks over Zambian assets

By: Anthony Lipmann

Anthony Lipmann — Mon, 28 Oct 2024 13:10:29 +0000

As I understand it, First Quantum has been one of the better miners in Zambia keeping faith with the country and behaving in a correct manner. Their weakness would not be good if their replacement is another faceless Middle Eastern company. Has anyone heard anything at all from the UAE owners of Mopani? Is there any likelihood that the community of Mufulira will benefit at all from the UAE ownership?

By: independent

independent — Mon, 28 Oct 2024 03:09:37 +0000

In reply to Anonymous.

You are forgetting Zambia is cash poor with a restructured national debt of over $19 billion.
Yes Zambia “RESOURCE RICH” but absolutely “CASH POOR”.
In other words you don’t have money to harness those mineral resources cost effectively and efficiently. The most Zambia can do is get taxes from the foreign mining companies.

By: independent

independent — Mon, 28 Oct 2024 03:02:45 +0000

In reply to Mayo Mpapa.

how will Zambia fund the increase in its shareholding?
There is a restructured national debt of over $19 billion hanging over our heads.

By: Anonymous

Anonymous — Sun, 27 Oct 2024 05:55:49 +0000

Africa we joke too much……..CAN A ZAMBIAN COMPANY GO TO CANADA AND START TELLING THE CANADIAN GOVERNMENT WHAT TO DO….We’re jokers….allowing foreign companies to come and take over and be in charge of our own minerals….where’s the logic?…

By: Mayo Mpapa

Mayo Mpapa — Sun, 27 Oct 2024 04:30:33 +0000

Zambia needs to increase its shareholding. This is a rare opportunity that should not be missed.