FQM’s proposed $900m Kansanshi investment sign of improved investor confidence – economist
Published On January 27, 2022 » 875 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI –
THE intention by First Quantum Minerals (FQM) to spend in excess of US$900 million in capital expenditure (capex) is a sign of improved investor confidence in the country, an economist has observed.
FQM is earmarked to spend about $900 million in the expansion of Kansanshi mine in Zambia and has further announced plans to include $60 million in its capex guidance for the development of the enterprise nickel project.
Mathews Muyembe said in an interview in Kitwe yesterday that the intention by FQM to increase investments in mining expansion was good for the country.

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