By Tyndale Muchiya
First Quantum Minerals – FQM’s Kansanshi Mining Plc has delivered a cumulative US$110.64 million in royalty revenue to ZCCM Investments Holdings Plc (ZCCM-IH) over the three-year period from 2022 to 2024, a return that ZCCM – IH says could not have been achieved had it not made the decisive shift away from the dividend model.
According to the latest edition of the Mining Corner 360 released by ZCCM – IH, and seen by the Zambian Business Times – ZBT, with Kansanshi declaring zero dividends in both 2023 and 2024, the old equity-only structure would have left ZCCM-IH with nothing across those two years. Instead, the royalty arrangement, secured through a 2021 agreement converting dividend rights into a 3.1% gross revenue royalty, ensured uninterrupted, growing income throughout)….Get your copy via the link https://zambianbusinesstimes.com/e-newspaper/ to read more insightful stories
