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Zambia-FQM: Swapping Dividend Rights for Royalties Fuels Mining Optimism

ZCCM-IH, Zambia’s holding company that holds stakes in privately-owned large-scale copper mines, says it has agreed to convert its dividend rights in Kansanshi Mine – majority-owned by First Quantum Minerals (FQM) – to a 3.1% revenue royalty. The move is expected to end a years-long dispute with the Vancouver-based mining giant. In the new payment system, royalties are paid on a quarterly basis for 23 years.