POST Online Media Lite Edition


Zambia restores power supply to First Quantum Minerals

Staff Writer |
Zambia has restored full electricity supply to the mines of First Quantum Minerals, the ministries of finance and energy said on Saturday.

Article continues below

This comes after reducing power to the mines earlier this week in a dispute over new, higher prices.

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff of 9 cents/Kwh agreed by the utility Zesco and mining companies, Energy Minister David Mabumba said on Tuesday.

But after talks with the mining firm, it was resolved that First Quantum will be deemed to have migrated to the new tariff structure with effect from January this year, Mabumba said in a joint statement with Finance Minister Felix Mutati.

What to read next

China Jiangxi gets $1.2 billion for road expansion project
First Quantum Minerals to place Ravensthore nickel operation on care and maintenance
Alecto Minerals buys Matala and Dunrobin Gold Mines in Zambia