First Quantum Minerals & Zambia

The Company confirms that it is in possession of a letter from the ZRA, dated March 19, 2018, noting an assessment for import duties, penalties and interest on consumables and spare parts of 76.5 billion Zambian kwacha. 

The Company unequivocally refutes this assessment which does not appear to have any discernable basis of calculation and will continue working with the ZRA, as it normally does, to resolve the issue.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.                     
G. Clive Newall 
President

http://www.first-quantum.com/Media-Centre/Press-Releases/Press-Release-Details/2018/First-Quantum-Minerals-responds-to-news-article-regarding-claims-by-the-Zambia-Revenue-Authority/default.aspx

76.5 billion Zambian kwacha = $8,900,000,000 U.S.