FIRST QUANTUM MINERALS SEEKS HELP

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First Quantum Minerals limited is seeking the intervention of Attorney General LIKANDO KALALUKA to block criminal proceedings that may be brought against its directors by ZCCM Investments Holdings.

First Quantum wants Mr. KALALUKA to ask ZCCM-IH to halt a case in the Lusaka High Court, where it accuses the company of fraud and is seeking as much as 1.4 billion United States dollars.

This is according to Bloomberg news website and monitored by 5fm radio.

First Quantum has had a rocky relationship with the government in Zambia. The company suspended 1 billion United States dollars worth of investment in 2015 because of uncertainty about tax rates.

 

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