[miningmx.com] – TORONTO-listed First Quantum Minerals paid out a $500m dividend from its Zambian unit which last year contributed 70% of the firm’s gross profit, said Bloomberg News.
Kansanshi Mining, operator of Africa’s biggest copper mine, distributed the payout at the start of this month, said Bloomberg News citing people who asked not to be identified as the information hadn’t been made public.
First Quantum holds 80 percent of Kansanshi with ZCCM Investments Holdings owning the rest. Part of ZCCM-IH’s dividend may be paid to the Zambian government, which owns 87.6% of the company, one of the people said.
Click here to read the full article
