First Quantum launches arbitration against Zambian State miner

First Quantum Minerals has begun arbitration proceedings against Zambian State miner ZCCM-IH to try to resolve a dispute over a money transfer to the parent company of Kansanshi Mining, which is majority-owned by the Toronto-listed group.

The arbitration proceedings follow a criminal complaint made by State-owned ZCCM-IH against the alleged unauthorised transfer of money by Kansanshi Mining to First Quantum's local subsidiary.