A group of professionals discussing mining sector challenges and corruption risks in emerging markets during a conference.
ZCCM-IH, Zambia’s holding company that holds stakes in privately-owned large-scale copper mines, says it has agreed to convert its dividend rights in Kansanshi Mine – majority-owned by First Quantum Minerals (FQM) – to a 3.1% revenue royalty. The move is expected to end a years-long dispute with the Vancouver-based mining giant. In the new payment system, royalties are paid on a quarterly basis for 23 years.