toronto, london and lusaka stock exchange listed copper mine company, kansanshi copper mines limited which is owned by first quantum minerals will by the end of 2012 since its inception in 2006 pay the government about 1.6 billion dollars in form of taxes.
meanwhile the copper mine will also spend about $16 million or 80 billion kwacha by the end of 2012 under its corporate social responsibility programme.
kansanshi copper mines public relations manager godffrey m’siska disclosed this during the southern african extractive industry transparency initiative (eiti) conference in lusaka today.
mr m’siska says the company which employees about 6000 people is the largest tax payer in the country adding that it pays about $1.5 million everyday.
and mr. m’siska disclosed that the company by the end of 2010 produced about 231,000 tons of copper and 110 tonnes of gold which it exported outside the country.
he assured that the company will continue to pay taxes and contribute meaningfully to the growth of the economy through ensuring that it caters for the community were it operates from using the corporate social responsibility programme.
mr m’siska boasted that the company has helped the economy of solwezi to grow from were it was previously with more local businesses benefitting from its activities through contracts.