Proactiveinvestors recommends

Additional Information

Market:	TSX ASX
Sector:	General Mining
EPIC:	EQN

1 year chart

1 day chart

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.

Equinox Minerals produces first copper at Lumwana

Monday, December 08, 2008 by Proactive Investors

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.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.