First Quantum Minerals has agreed to pay Zambia $224-million in tax arrears. The company has also been singled out along with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources, and Glencore‘s local unit Mopani, for tax issues related to audits. The companies are keen to have such outstanding issues resolved. The European Investment Bank for example has frozen new loans to commodities trader Glencore over governance issues including its Zambian operations.