|First Quantum Minerals Ltd. - FM.t is an established mining and metals company operating six mines and developing five projects worldwide.|
The Company’s operations are the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Pyhäsalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine, and the Çayeli copper-zinc mine.
|Copper miner First Quantum just got the massive large pee pee right where it hurts courtesy of Zambia Revenue (ZRA).|
Describing it as "a Mining tax scam worth 76.5 billion Kwacha" the agency figures FM owes about $8 billion. Where that ridiculous number came from is anybody's guess at this point. The 2018 theme for ZRA is “Rewarding compliant tax payers and punishing non-compliant tax payers to the maximum”. Well that's great but now who on fukkin earth will invest a nickle in Zambia? NOBODY that's who.