Monday, 9 January 2012

Kansanshi resumes - FQM

Kansashi copper mine in Zambia


Copper producer First Quantum Minerals Ltd has resumed operations at its Kansanshicopper-gold mine in Zambia, following a stoppage caused by workers on strike.

Production at Kansanshi, Africa’s largest copper mine, had been halted after workers barricaded entrances to the operation on January 3.

The Zambian Minister for Mines, Wylbur Simuusa, had intervened to arrange an emergency meeting with those striking, in the hope of endingthe stoppage that had threatened lost production of approximately 700t of copper ore each day. 

First Quantum owns 80% of Kansanshi, with the remaining 20% owned by the state-controlled ZCCM Investments Holdings - Zambia earns approximately 80% of its foreign currency in copper exports. The mine employed 1,512 people during 2010.

The company said talks were continuing with the labour unions. 

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