By Staff Writer
First Quantum Minerals (FQM) has announced substantial local purchases amounting to $1.6 billion, with 44% sourced from Zambian-owned companies.
Speaking at the Zambia Association of Manufacturers (ZAM) Gala and Awards Ceremony, Jed Goldstein, FQM’s Head of Infrastructure, emphasized the company’s commitment to increasing local procurement and formalizing its partnership with ZAM.
The initiative aims to enhance the capacity of Zambian manufacturers to supply the mining sector at a global standard. Goldstein noted that while most procurement comes from companies registered in Zambia, a significant portion is sourced from firms with minority Zambian ownership.
FQM aims to increase local spending over the next few years.
“Zambia is a major copper producer, and with copper being a critical mineral for the future, it’s essential that the local supply chain becomes more impactful and competitive,” Goldstein said. He added that FQM plans to turn Zambia into a mineral processing hub, contributing to the local economy and ensuring suppliers meet the demands of Zambia’s mines.
This effort aligns with President Hakainde Hichilema’s vision of producing 3 million tons of copper annually.
ZAM Chief Executive Officer Muntanga Lindunda reflected on the journey of resilience and transformation within Zambia’s largest manufacturing sector.
“Tonight, we honor those who have driven growth and led the way toward a more competitive and sustainable future,” Lindunda said, expressing gratitude to partners and stakeholders who contributed to the success of Manufacturers Month
