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Zambia, First Quantum seen resolving $1.4bn dispute in June

A row that saw a State-owned Zambian company sue Canadian miner First Quantum Minerals for $1.4-billion is likely to be resolved by June, the southern African nation’s Presidency said on Saturday.

First Quantum asked a Zambian court in February to dismiss the suit from Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), which is 77% State-owned and holds minority stakes in most of the country’s copper mines.