FQM calls for framework to grow the economy
Written by Millennium on May 24, 2019
BUUMBA CHIMBULU writes
FIRST Quantum Minerals (FQM) has called for the creation of a framework which will generate an economy that has more investors contributing to the Zambian economy.
FQM’s Trident Foundation manager Garth Lappeman observed the need to describe the framework which a modern, progressive, developing commodity-based economy may be built.
Mr Lappeman was speaking recently at the Third 2019 North-Western Provincial Alternative Mining Indaba in Solwezi.
“We need to describe the framework upon which a modern, progressive, developing commodity-based economy may be built.
“By working together, we can make sure that we create an economy that has more investors contributing to the Zambian economy. What is good for investors is good for Zambia,” he said.
Mr Lappeman also said the Provincial Mining Indaba presented an opportunity for government and mining companies to clarify certain governance issues which communities may not be privy to.
Such engagement, he said, enabled the development of workable strategies that could foster sustainable development.
“Ultimately such a platform must build consensus, trust and improve relationships amongst stakeholders by diffusing perceptions held by each party, “Mr Lappeman said.
Mr Lappeman said FQM remained the largest investor in Zambia.
He said the company had also invested over US$100 million since 2010 on sustainability programmes in communities surrounding its two mines in North-Western Province
“Our approach to giving back to resettled communities affected by FQM’s mining activities at its Kansanshi and Kalumbila Mines was not only to provide cash compensation but to invest in health, education and economic programmes as well.
“The approach has conclusively demonstrated that development returns are exponentially higher from such longer term support,” he said.