Mar
20

First Quantum Confirms $7.9 Billion Zambian Tax Assessment

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  • Shares fell as much as 13% after article noted plan for audit
  • Miner refutes assessment, saying it will work with authorities

First Quantum Minerals Ltd. plunged the most in almost two years as the miner was hit with a $7.9 billion tax bill by Zambia, which accounts for 84 percent of its revenue

First Quantum Confirms $7.9 Billion Zambian Tax Assessment

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