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Tax Transparency

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Each year we make significant contributions to the public finances of the countries in which we operate.

We strongly support the various transparency initiatives which provide all stakeholders with clear information of the contributions which First Quantum makes to our host governments.

This contribution is reported annually in the Tax Transparency and Contributions to Government Report. This report highlights First Quantum’s contributions to our host governments and helps to illustrate the positive impact we strive to create everywhere we do business.

This report is intended to meet Canada’s Extractive Sector Transparency Measures Act (“ESTMA”) reporting obligations.

Future reporting of our contributions are set to show a significant increase as Cobre Panama ramps up, and our growing operations at Sentinel in Zambia are captured.

More than 60 per cent of our contributions to public finances relate to our operations in Zambia. These contributions are subject to an additional level of independent public scrutiny through the Extractive Industries Transparency Initiative.

This level of scrutiny can provide the public with a high-level of confidence that across the world, we are contributing in a substantial and meaningful way to public finances.

From 2017, First Quantum Minerals (UK) Ltd, a wholly owned subsidiary of First Quantum Minerals Ltd, is required by UK law to publish its tax strategy and this is included here.