The Bank of Zambia has signed a Gold Purchase Agreement with Kansanshi Mining PLC, a subsidiary of First Quantum Minerals. BoZ Governor, Mr Christopher Mvunga, signed the agreement on behalf of the Central Bank while, Director of Operations at First Quantum Minerals, Mr Rudi Badenhorst, signed on behalf of Kansanshi Mining PLC. The Agreement is a milestone in the Bank’s efforts to resume the holding of gold as part of the country’s foreign exchange reserves. Mr Mvunga said Kansanshi Mining Plc was identified as a counterparty since it has been producing the commodity on a commercial basis since 2006.