ZESCO Limited and First Quantum Minerals Limited (FQM) have signed a 10 year Power Supply Agreement (PSA) following the expiration of a 20 year contract on November 4, 2023. ZESCO Managing Director Victor Mapani has described the new agreement as a great milestone that marks a new chapter in the corporation’s partnership with its valued mining customers. And FQM Chief Operating Officer Rudi Badenhorst says his company’s 2022 decision to invest $1.25 billion in the S3 expansion at Kansanshi and $100 million in the Enterprise Nickel Mine was heavily influenced by the availability and reliability cost competitive renewable power in Zambia. Speaking at the signing ceremony, Monday, Mapani said the new agreement was for the supply of power to FQM’s...