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Additional Information
Market: TSX, ASX
Sector: General Mining
Epic: ASX:EQN
News: Latest news
Web Site: Equinox Minerals
Other Articles: 08-01-200908-12-2008

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Equinox Minerals

Equinox Minerals

Equinox Minerals (ASX/TSX:EQN) is focused on the development of its 100% owned Lumwana Copper Project in Zambia. The Lumwana Copper Mine will produce an average of 172,000 tonnes per year of copper metal contained in concentrates for the first 6 years of its 37 year mine life. With construction largely complete, remediation of works following the transformer fire incident underway and commissioning continuing, the mine is expected to commence production by the end of 2008.  Full production will be reached in 2009 at which time Lumwana will be Africa's largest copper mine.

Monday, December 08, 2008

Equinox Minerals produces first copper at Lumwana

by Proactive Investors company news image

Equinox Minerals (ASX/TSX:EQN) is pleased to announce that the first copper concentrate has been produced from the Lumwana process plant in Zambia.  On December 3, 2008, wet commissioning of the final stage of Lumwana’s process plant filter-press commenced resulting in an initial production of approximately 66 tonnes of copper concentrate at a concentration grade of approximately 41% and moisture content of 9%. As of December 4, 2008 some 1300 tonnes had been produced.

Wet commissioning and production ramp-up activities continue to progress smoothly with first commercial concentrate delivery expected to take place later in the month.

Full production will be reached in 2009 at which time Lumwana will be Africa's largest copper mine.

Major shareholder

Canada and United Kingdom listed First Quantum Minerals (TSX:FM/LSE:FQM) revealed it had snapped up a 17.27 per cent stake in Equinox in December 2007. First Quantum said in a statement at the time "it had acquired the shares for investment purposes" and might acquire more or dispose of its holding as conditions warranted.

First Quantum’s operations in Zambia include the 80% owned Kansanshi open pit copper-gold mine and the 100% owned Bwana Mkubwa SX/EW facility and sulphuric acid plants. First Quantum also holds strategic investments in the Nkana underground copper mine and cobalt refinery (16.9%); and the Mufulira underground copper mine, smelter and copper refinery (16.9%) in Zambia.

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