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KAMFINSA MP URGES ZCCM-IH TO RENEGOTIATE THE ROYALTY TRANSACTION

By VITA BANDA

KAMFINSA Member of Parliament Christopher Kang’ombe has urged ZCCM-IH to consider
renegotiating the 3.1 percent royalty transaction with First Quantum Minerals.
Mr Kang’ombe says ZCCM-IH should at least negotiate for 10 percent so that the country can
benefit from Kansanshi mine.
He says the 10 percent will help government to table gaps in financing the national budget.
The lawmaker says if the country generates more revenue, it will be channeled to other
economic sectors.
He says that if ZCCM-IH fails to renegotiate, it should consider cleaning up bottlenecks in the
dividend system.
He says the country needs to be benefiting from the sector unlike what is happening.
Mr Kang’ombe says the country has enough resources but benefitted less from the sector.

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