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Alba Iulia
Monday, June 27, 2022

US commends FQM for injecting U$1.35 billion in copper production

Economy Feature Economy US commends FQM for injecting U$1.35 billion in copper production

US Under Secretary of State for Economic Growth, Energy, and the Environment Jose  Fernandez has commended  First Quantum Minerals (FQM) for injecting 1.35 billion dollar investment in Zambia.

The Department of State representative has also praised the company for its safe and efficient operations.He said this during a visit to FQM’s Trident operations at Kalumbila in North-Western Province.

The US delegation Under Secretary and US Embassy Zambia Chargé d’Affaires Martin  Dale toured the mine in Kalumbila accompanied by FQM’s Government Affairs Specialist, Godwin Beene and the mine’s Acting General Manager Junior Keyser .

FQM Zambia was recently ranked as the 6th largest copper producer in the world, and the diplomats were keen to see for themselves the investment that has gone into the Trident operations and the environmental and safety measures the mine has put in place to make Trident a world class operation.

Mr. Fernandez  said Zambia needs more foreign investment, and that the country has a government that has made it priority to attract foreign investment.

After the tour, Mr. Fernandez said he was impressed with the mining operations at Sentinel, which achieved copper production of 233,000 tonnes in 2021.

This is according to a statement released  in Lusaka today .

15 COMMENTS

  1. And how many Zambians got a proper job there, and how much tax was paid over the last twelve months? And last but not least how many millions of dollars went abroad to the investors? Let’s get some transparency!

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  2. Proper jobs advertised at Kalumbila in May 2022:

    >> Superintendent Electrical Maintenance

    >> Superintendent Electrical Infrastructure

    >> Supervisor, Sandblasting & Painting

    >> Trainer & Assessor, Trucks

    >> Artisan, Fitter

    Lets get some proactivity!

  3. The is the positive about the west……….

    They have the welfare of the country at heart……….no matter what you think

    Unlike the Chinese and indians………

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  4. HH deserves *credit on this one. It’s a step forward and I hope the tax incentives they have given FQM will not short-change Zambians from benefiting an adequate return.

    Meanwhile, we still have Vedanta Mining run by Anil Agarwal, who was banned from mining in the Dongria Kondh’s land by the Indian Government through the court in his own country. They refused to give him clearance after cooking books and for the large part, lack of safety for the miners. HH needs to tell Anil Agarwal that – Yes you funded my campaign, but the people of Zambia come first and lets find an amicable way to let you go.

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  5. @ Spaka
    You should be ashamed of yourself….now this explains as to why HH has lost control…the looters and scavengers are now controlling our mines and all natural resources…you have such an inferiority complex like I have never seen before…..you’re so obsessed with the west….UK welfare has damaged your bongo bongo bongo

  6. @ Spaka
    You should be ashamed of yourself….now this explains as to why HH has lost control…the looters and scavengers are now controlling our mines and all natural resources…you have such an inferiority complex like I have never seen before…..you’re so obsessed with the west….UK welfare has damaged your bongo bongo bongo..

  7. What was this fella doing visiting our mines? Oh to show us that they are not ours. We only possess the soil they are sunk in

  8. flag Wow! How Anthony Bwalya came from the backdoor, overlapped and knockout SLUGGISH and SLEEPY established media CRONIES of UPND to become HH’s Right Hand Man & Press Aid.

    INDEPENDENT OBSERVER… exactly the point. Just how did we tolerate this man listed among India’s corrupt business moguls who is not even respected in their own country. My hope is that the president stands by his words when he said that we are not giving back KCM.

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  9. Things are improving under UPND, though PF characters can not see because there are wearing dark lenses and obsolete binoculars, This is a huge investment and injection in the Zambian economy

  10. USA ready to cash in, job done. We’ll hold HH accountable until we see benfits for Zambians. My wish is that one day our diplomats will be opening and celebrating Zambian companies/investiments abroad.

  11. 7  Saulosi May 16, 2022 At 8:28 pm

    “@ Spaka
    You should be ashamed of yourself….now this explains as to why HH has lost control…the looters and scavengers are now controlling our mines and all natural resources…you have such an inferiority complex like I have never seen before…..you’re so obsessed with the west….UK welfare has damaged your bongo bongo bongo….”

    So says the low life who can’t even live in his own country…………yet harangus the west where he is a refugee………

    Atleast I unashamedly support the west………..

  12. Saulosi is like a parrot trying to show off his nationalistic coloures , yet………

    His tail feathers are solied with sh.it …………

    Those are the ones who if removed from the west, who he is so against …………

    Will die of depression within the first year of leaving the west…………..

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  13. Someone once said that a dog does not wag its tail for nothing. Why should USA celebrate this? To some ” it’s because America loves us” The truth is that the USA want to defeat China and such investment is one of weaponry to achieve this. Lungu may have been a corrupt dictator but believe me you had he been leaning towards the USA, he was going to be a hero. Just look at Egypt a pure dictatorship which gets massive aid and grants from the USA. These are games people play.

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