FIRST Quantum Minerals Ltd says it had approved a US$1.25 billion project to expand its Kansanshi copper mine in Zambia after the UPND government committed to a more predictable investment climate. They are saying with this investment and their good working relationship with the new government, their mining activities in Zambia will go beyond 2040, during which period they will increase copper and gold production by about 25 per cent. Under normal circumstances, this should be great news for Zambia and Zambians. Investors are supposed to bring employment opportunities for the youths and a lot of income for the Revenue Authority. But in most cases, there is a catch. When a mining company announces recapitalisation or an expansion project, it…...

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