First Quantum Minerals – Green Social Thought https://www.greensocialthought.org Produce less. Distribute it fairly. Create a greener world for all. Thu, 22 Feb 2024 04:47:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://www.greensocialthought.org/wp-content/uploads/2021/07/cropped-ggef_logo_small-1-32x32.png First Quantum Minerals – Green Social Thought https://www.greensocialthought.org 32 32 Canada in Zambia https://www.greensocialthought.org/biodiversity-biodevastation/canada-zambia/ Tue, 29 Aug 2017 13:51:34 +0000 https://gst.riz-om.network/reprint/canada-zambia/ by Yves Engler

While few Canadians could find Zambia on a map, the Great White North has significant influence over the southern African nation. A big beneficiary of internationally sponsored neoliberal reforms, a Vancouver firm is the largest foreign investor in the landlocked country of 16 million. First Quantum Minerals (FQM) has been embroiled in various ecological, labour and tax controversies in the copper rich nation over the past decade. At the end of last year First Quantum was sued for US$1.4 billion by Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), a state entity with minority stakes in most of the country’s mining […]]]> by Yves Engler

While few Canadians could find Zambia on a map, the Great White North has significant influence over the southern African nation.

A big beneficiary of internationally sponsored neoliberal reforms, a Vancouver firm is the largest foreign investor in the landlocked country of 16 million.

First Quantum Minerals (FQM) has been embroiled in various ecological, labour and tax controversies in the copper rich nation over the past decade. At the end of last year First Quantum was sued for US$1.4 billion by Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), a state entity with minority stakes in most of the country’s mining firms. The statement of claim against First Quantum listed improper borrowing and a massive tax liability.

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