Letter to the Editor

FQM offer to buy shares a mockery

Dear editor,
THE offer by First Quantum Minerals (FQM) to buy 20 percent shares held in their Kansanshi Mine by our government has come as a shock to Zambians because: 1. Kansanshi Mine was the first to announce that it will cut labour due to the new tax regime as their mine will no longer be profitable.
2. Even if Government was to sell its shares, are they worth US$700 million these people are offering?
3. Given the projected lifespan of this mine and its anticipated profits, the above offer is therefore an insult to Zambia, to say the least.

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