Tuesday, April 23, 2024

Most of First quantum gold production came from Zambia in 2018

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A road in Solwezi
A road in Solwezi

Dear Zambians,

70% of first quantum Gold production came from Zambia for the year 2018. 78.4% of first quantum Copper production came from Zambia for the year 2018. This  was revealed in the First Quantum Minerals Preliminary 2018 Production and Sales Press Release

All the copper produced and sold was most certainly used to develop Cobra Panama, while Solwezi and Kalumbila continue to look like villages 15 years after commissioning these mines. Numbers do not lie. Humans do and exploit one another in the name of greed ” Business”.

By Concerned Zambian

27 COMMENTS

    • It’s amazing how Zambians have continued to live in the ZCCM illusion. Do you expect FQ to build that road? Your government has borrowed US$19bn why not ask them where that money has gone?

    • You presidents wife is going to USA with 25 people have you complained? That’s where you money goes. You are wasting your time on FQ whonis not responsible for that road

    • We can’t blame the company you must blame the successive govts that allowed this to happen. FQM were and still pay their workers the highest salaries amongst the mining firms, which community social responsibility do you see KCM in Kitwe, Mopani in Ndola or our Chinese friends in Luanshya exhibiting? Kagem which always boats of million dollar auctions has done nothing in Lufwanyama and Chief Lumpuma’a area, be fair in you statement.

    • @The Engineer Just go to Katanga province and you will see roads constructed by the mines. In case you are too young the copperbelt has plenty of roads constructed by the mines. Luanshya s mpatamatu township roads houses, clinics, welfare halls were constructed by the mines. So we’re Mufulira’s kantanshi, kankoyo Butondo township roads and houses. In case you argue that this was in the socialist UNIP Era No! This was before ZCCM The mines were private

  1. I am sure all undeclared in Zambia, hence no tax collected, this is day light theft due to poor leadership and luck of controls.

  2. A business is set up to make profit for the owner,, FQM has exploited us quiet OK,, but is it FQM to blame or its the policies which govern businesses like Mines??? One thing we should know is that Mines operate within the Policies of the Land,, if they are porous the business owners will exploit the loophole,, Cadres can be primitive at thinking and poritisize every now and then,, let’s call a spade a spade,, We should just improve the rules that govern the Mining sector in Zambia,, If FQM deviated the in any way,, let’s take them to Court,, Simple,,

  3. The mines were bankrupt and using obsolete technology because Francis Kaunda was too afraid to stand up to KK/UNIP who milked the vow until it was almost dead. Along comes an investor who introduces modern technology and invedts heavily in the industry. Suddenly, jealousy raises it’s ugly head because you realise your failure to have run the mines profitably. Now you want to take that which you does not belong to you but to the investor – profit.
    Wake up to the real world.

  4. Don’t just be too political for the sake of it. They have to pay the new taxes so GRZ can build and maintain roads, hospitals and schools. In any case have you heard about corporate social responsibility

  5. This is our country let’s Support the gvt. Mine business people always wants profit against time. Now even if they can say will cut some jobs. They will also face some mathematics truth in business such as;
    1. The mining plant was built to accommodate Eg. 3000 employees to produce certain amount of copper in a spacifI’d time. Now if they can reduce 1000 employees as they are saying. How will they produce copper as per their schedule? It means in some offices there will be no people. Meaning copper expected to be produced in in 1 month will be attained either in 3 months. Meaning business will be very slow as a result mine mgt will be forced to bring back the 1000 employees or never even retrench them. One other thing the gvt must not allow is mining companies to resort using…

  6. 100% of our taxes goes to government yet there are no proper roads, no medicine, grass is not cut, no street lights, basically no service delivery whatsoever . That is what should concern you concerned citizen.

  7. Guys lets be objective when answering….someone has brought an issue here and yet the answers are not pleasing….do not forget that there civic leaders that need to tackle this w,when you say government what do you mean? the government gives money to civic leaders who wants to use the money and you lobby or request for it.
    They might be some of those flows in administering and that is the issue that needs to be addressed. do not forget that there is coorperate social responsibility that has to be done by these mining firms.Lets think positively.

  8. The government has failed the people of Solwezi, FQM and Lumwana mines for failing to pave and maintain the Chingola- Solwezi Road inclusive Solwezi town. This road should have been the priority in terms of the roads which should have been paved long time ago. When Lucky complained many people laughed. In fact, the mine should have complained since government promised good roads to market copper. If the government knew how to use the little taxes got from the mines, we could not be talking about money from the mines, we could have acted appropriately. The problem lies with our governmen.

  9. Dear Zambians. Would you rather that 80,000 ounces of gold was produced in Zambia, and you took a share of it, or it was produced somewhere else in the world and you saw none of it?

    If you were more friendly to outside investors maybe some of FQM’s revenue would have been spent upgrading Kansanshi and Sentinel.

    • It is Idyootic Africans like you that sold black people into slavery. They need to pay their fare share in taxes. These multinationals do not care about you or their home countries. Imwe Ndwi ati muzungu anikonde.

  10. Our government has neglected us but it’s time we fight for our rights not to fight amongst ourselves for a better zambia

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