FOR IMMEDIATE RELEASE
WITH PICTURE
MAY 22, 2026

FIRST QUANTUM DISCLOSES $3.46 BILLION ECONOMIC IMPACT IN ZAMBIA FOR 2025

LUSAKA, ZAMBIA – First Quantum contributed US$3.46 billion to the Zambian economy during 2025, according to the company’s Tax Transparency and Economic Contributions Report published this week.

Across its Zambian operations, First Quantum employed more than 12,000 people, engaged over 11,500 contractors, and supported more than 1,500 local suppliers during the year, reinforcing strong linkages with Zambian businesses and communities. These partnerships underpin the company’s strategy of delivering shared and sustained economic value.

Completion and commissioning of First Quantum’s Kansanshi S3 Expansion project in Solwezi represented a major milestone, reinforcing the long-term contribution of Kansanshi to copper production, employment and government revenues,” said First Quantum Minerals Country Director Anthony Mukutuma.

The company’s contributions for the year included government revenues, salaries and wages, local procurement from Zambian suppliers, and community investment initiatives of which $902 million was in the form of taxes to the government such as royalities, consumption and import taxes, and PAYE.

First Quantum also paid US$63.4 million in royalties to ZCCM Investments Holdings Plc, while contributing US$3.5 million to Kalumbila Town Council and US$3.6 million to Solwezi Municipal Council.

In addition, the company spent US$2.144 billion on procurement from Zambian-registered suppliers; paid US$389 million in salaries and wages and invested more than US$23 million in community development and social outreach programmes in 2025.
The company’s Zambia operations, Kansanshi Mining Plc in Solwezi and FQM Trident Limited in Kalumbila made payments of US$236 million and US$139 million respectively in taxes and royalties to the Zambian government.

The report was prepared in line with Canada’s Extractive Sector Transparency Measures Act (ESTMA) and other international transparency frameworks. It details taxes, royalties and other reportable payments made to government institutions in Zambia.

The report demonstrated the company’s commitment to transparency, accountability and long-term partnership with Zambia, said Mr Mukutuma, adding: “First Quantum’s operations in Zambia play a central role in both our business and in the country’s economy. This report provides transparency around payments made to government, alongside information on employment, local procurement and other direct economic contributions that support Zambia’s broader economic activity.”

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About First Quantum Minerals Ltd 
First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and nickel. The company has operating mines in Zambia, Turkey and Mauritania. 
In 2025, First Quantum globally produced 396,000 tonnes of copper, 152,000 ounces of gold and 23,000 tonnes of nickel. 
In Zambia it operates the Kansanshi mine and smelter in Solwezi, and the Sentinel copper mine and the Enterprise nickel mine in Kalumbila. 
The company is listed on the Toronto Stock Exchange. 
http://www.first-quantum.com/

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