GLOBALES: Zambia, First Quantum seen resolving $1.4 billion dispute in June
 Inicio > Internacionales | Publicado el Sabado, 20 de Mayo del 2017
GLOBALES: Zambia, First Quantum seen resolving $1.4 billion dispute in June


Reuters / LUSAKA May 20 A row that saw a state-owned Zambian company sue Canadian miner First Quantum Minerals for $1.4 billion is likely to be resolved by June, the southern African nation's presidency said on Saturday.

First Quantum asked a Zambian court in February to dismiss the suit from Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), which is 77 percent state-owned and holds minority stakes in most of the country's copper mines.

Presidential spokesman Amos Chanda told Reuters the finance minister had written to First Quantum and the company agreed to begin talks with the government on May 30.

"Finance Minister Felix Mutati has prescribed that the talks should finish within seven days and a government negotiating team headed by the secretary to the Treasury will be announced soon," Chanda said.

"First Quantum has informed me that their technical team will attend the negotiations and they are confident that an amicable settlement will be reached," he said.

President Edgar Lungu called earlier this month for an out-of-court settlement in the case.

Zambia is Africa's second-largest copper producer and differences with mining companies over taxes, electricity prices, environmental concerns and labour matters often arise.

The $1.4 billion claim by ZCCM-IH includes $228 million in interest on $2.3 billion of loans it claims First Quantum wrongly borrowed from the Kansanshi Copper Mine, as well as 20 percent of the principal amount, or $570 million.

ZCCM-IH said in court papers filed in October that First Quantum used the money as cheap financing for other operations. First Quantum says the loans were at a fair market rate. (Editing by Ed Stoddard and Helen Popper)

GLOBALES: Zambia, First Quantum seen resolving $1.4 billion dispute in June

Con Información de Reuters

http://entornointeligente.com/articulo/10001078/GLOBALES-Zambia-First-Quantum-seen-resolving-$14-billion-dispute-in-June

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Smart Reputation te ayuda a mejorar tu reputación en línea
http://www.smart-reputation.com





Destacadas


Informe 21 / El presidente, Nicolás Maduro, emplazó, este jueves, a la oposición a sumarse en las próximas horas a una "mesa de paz" y reconciliación antes de las elecciones de...

Ads by Web24

Es hora de actuar y mejorar tu reputación on line. Contáctanos.
http://www.smart-reputation.com

El Nacional / 27 de julio de 2017 03:40 PM | Actualizado el 27 de julio de 2017 17:01 PM A las 2:00 pm 50 motorizados con parrilleros de la Guardia...

Ads by Web24

Smart Reputation te ayuda a mejorar tu reputación en línea
http://www.smart-reputation.com

La Nacion / Después de una mala reseña online, los restaurantes suelen pedir perdón y en el mejor de los casos invitar al cliente a que vuelva por la revancha. Pero...


El Sol de Margarita / 27 Jul, 2017 | Lima. El presidente de Perú, Pedro Pablo Kuczynski, hará hoy tres cambios en el gabinete ministerial en las carteras de Energía y...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA EST� ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM