FIRST Quantum Minerals operating the Kansanshi mine the largest copper mine in Africa by production paid more than US$850 million in taxes, royal ties, duties, and fees to the Zambian government, along with community and infrastructure expenditure in 2020, a report has revealed.
Despite the additional challenges faced in 2020, FQM achieved its highest annual copper production which was reflected in the increased amount of its contributions to Zambia’s public finances.
The report further shows that FQM paid approximately US$209.5 million in mineral royalties ($195.8M, and a further $202.8 Million in company income taxes in Zambia during 2020 ($176.2 M, 2019). First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and zinc.
The company’s assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.
In 2020, First Quantum globally produced 779,000 tonnes of copper, 265,000 ounces of gold and 13,000 tonnes of nickel.
