First Quantum Minerals Limited expects Zambia to Approve the Creation of a New Industrial Park it is spearheading near its Kalumbila Mine in the coming days.
John Gladston Manager, Government Relations Zambia at First Quantum Minerals Limited said the Multi-Facility Economic Zone in North-Western Province would help attract Foreign Direct Investment and Diversify the Economy.
Finance Minister Felix Mutati said on October 20 Zambia’s Economy should Grow by 3 Percent this year, little changed from 2015, while the Fiscal Deficit will widen due to Depressed Metal Prices.
Gladston says the Mining Firm has waited for Four Years and is now Confident that the Government will finally take the Appropriate Action hopefully in the coming days.
He said First Quantum has received a Number of firm Enquiries from Companies Seeking to Invest in the Industrial Park and the Government has made commitments to endorse the Project.
Gladston said the Multi-Facility Economic Zone is an important Economic Tool for North-Western Province and wider Zambia.
He said First Quantum had Invested 5.7 Billion Dollars in Zambia as of 2015 with 2.6 Billion Dollars going into the Kansanshi Mine, 1 Billion Dollars in the Kansanshi Smelter and 2.1 Billion Dollars in the Trident Project, which includes the Sentinel and Enterprise Mines.