Exclusive: Zambian government has no plans to seize First Quantum - sources
Published on: Monday 10 June 2019
LUSAKA/LONDON/TORONTO (Reuters) - Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Canadian-listed First Quantum has looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta's Konkola Copper Mines (KCM), claiming KCM has breached the terms of its license. The move has unnerved international miners concerned about rising resource nationalism in Zambia and neighboring countries.
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