First Quantum May See Zambia Rival BlackRock as Top Holder
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First Quantum Minerals Ltd. may see Zambia’s state-owned mining company become its second-biggest shareholder if it converts a stake in the continent’s largest copper operation into equity.
ZCCM Investment Holdings Plc will “hopefully” decide this year, said Mukela Muyunda, chief executive officer of the company that’s 88 percent owned by the government of Africa’s largest copper producer.