FOR IMMEDIATE RELEASE
WITH PICTURES
JUNE 5, 2024
HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT
LUSAKA, ZAMBIA – Zambia, renowned for its abundant mineral resources, is now emerging as a potential leader in climate change investment. However, in recent years, Zambia’s landscape has not been spared the effects of climate change, from erratic weather patterns to dwindling natural habitats.
Amidst these challenges, a beacon of hope emerges: the role of mines as potential investors in climate change programmes.
In a ground-breaking move, several mining companies operating within Zambia have begun to recognise their role in combating climate change and have taken proactive steps to invest in sustainable initiatives. Among these pioneers are prominent players like First Quantum Minerals (FQM).
Fostering sustainability through tree planting initiatives
FQM has been at the forefront of sustainability efforts in the region. Recognising the urgent need for action against climate change, through its subsidiaries FQM Trident and Kansanshi Mining, has introduced innovative tree planting initiatives aimed at mitigating environmental degradation and promoting biodiversity conservation.
Under its flagship programme, FQM Zambia has committed substantial resources to plant 30,000 trees this season and rehabilitate over 35 hectares of mine disturbed land. Last year, FQM’s Kansanshi Mines planted 19,000 trees and FQM Trident Mine planted 9,450, as part of its commitment to sustainable mining practices and efforts toward environmental conservation. These efforts not only contribute to offsetting carbon emissions but also help in restoring degraded landscapes, preserving watersheds, and providing habitat for diverse flora and fauna.
The mining firm places a strong emphasis on responsible mining practices aimed at protecting local forests. The company actively minimises tree felling, preserves topsoil for future rehabilitation efforts, and has intensified its tree-planting endeavours. Forests play a crucial role in fostering flourishing communities as they enhance soil quality, guarantee food security, and contribute to climate stabilisation. Through the celebration and preservation of forests, the nation is making a valuable investment in a sustainable future for forthcoming generations.
Moreover, FQM’s tree-planting initiatives go beyond mere environmental stewardship; they also actively involve local communities. Through partnerships with community-based organisations and government agencies, First Quantum empowers local residents by providing training and employment opportunities in tree planting and forest management.
A Catalyst for Sustainable Development
The company has also embraced a holistic approach to sustainable development, with a particular focus on environmental conservation. By planting indigenous tree species and implementing sustainable land management practices, FQM seeks to minimise its carbon footprint and foster long-term environmental sustainability.
Furthermore, the mining firm’s commitment to environmental stewardship extends to community engagement and capacity building. Through educational programs and awareness campaigns, the mine empowers local communities to actively participate in conservation efforts and adopt sustainable livelihood practices.
Unlocking the potential of mines in climate change investment
The initiatives undertaken by FQM, and other mining companies in Zambia underscore the transformative potential of the mining sector in addressing climate change. By leveraging their financial resources, technical expertise, and operational capabilities, these companies are driving positive change and setting a precedent for responsible corporate citizenship.
However, the journey towards sustainability is ongoing, and collaboration between stakeholders is crucial to maximise impact. Governments, civil society organisations, and the private sector must work together to create an enabling environment for sustainable development and ensure that mining activities are aligned with environmental and social objectives.
As Zambia navigates the complex challenges posed by climate change, the role of mines in investing in climate change programs offers a ray of hope for a greener, more resilient future. Through innovative initiatives like tree planting and ecosystem restoration, mining companies are not only mitigating their environmental footprint but also contributing to the well-being of local communities and ecosystems. In this shared pursuit of sustainability, Zambia’s mines are emerging as key partners in the fight against climate change.
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About First Quantum Minerals Ltd
First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and nickel. The company’s assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.
In 2023, First Quantum globally produced 707,678 tonnes of copper, 226,885 ounces of gold and 26,252 tonnes of nickel.
In Zambia it operates the Kansanshi mine and smelter in Solwezi, and the Sentinel copper mine and the Enterprise nickel mine in Kalumbila.
The company is listed on the Toronto Stock Exchange.
http://www.first-quantum.com/
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Gillian Langmead at Langmead & Baker Ltd;
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