ZCCM Generates K1.2 Billion From Kansanshi Royalties

ZCCM-Investments Holdings has made K1.2 billion from its 3.1% royalty transaction with Canadian-based company First Quantum Minerals (FQM),

Last year, both parties signed a contract allowing ZCCM to convert its 20% dividend right in Kansanshi Mining Plc into a 3.1% life of mine royalty.

The deal also allows 20% of Kansanshi’s VAT refunds as of June 30 2022 to go to the investment holding when received from Zambia Revenue Authority (ZRA). ZCCM has received K170.74 million from VAT refunds so far.