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 electricity supply not affected in ZESCO dispute
Tuesday, January 27, 2009 by Proactive Investors
Equinox Minerals (ASX/TSX:EQN) has advised that the Protective Relief action initiated by the Company in relation to its dispute with ZESCO (refer to Company announcement dated 15th January 2009), was adjourned at the request of both the Company and ZESCO, until 17th February 2009 to allow the parties the further opportunity to conclude negotiations. As such the Notice of Termination initiated by ZESCO has also been suspended until 23rd February 2009.
The Company remains confident that continuity of supply will not be affected and an equitable resolution will be concluded.
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