First Quantum Minerals Ltd.

First Quantum Minerals Ltd.

January 26, 2010 08:00 ET

First Quantum Minerals Restarts Bwana Mkubwa Copper SX/EW Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today reported that it has restarted the Bwana Mkubwa copper SX/EW plant in Zambia. The plant will process the stockpiled ore from the depleted Lonshi open pit mine. Production is expected to average approximately 800 tonnes of copper cathode per month until the end of 2010. The Company continues to seek additional sources of economically suitable feed for the plant.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

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Certain information contained in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of gold, copper, cobalt and sulphuric acid, estimated future production, estimated costs of future production, the Company's hedging policy and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, gold, cobalt and sulphuric acid, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Alberta, British Columbia, and Ontario Securities Commissions, the Autorite des marches financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.


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Contact Information

  • North American contact:
    Sharon Loung
    (647) 346-3934 or Toll Free: 1 (888) 688-6577
    (604) 688-3818 (FAX)
    United Kingdom contact:
    Clive Newall
    +44 140 327 3484
    +44 140 327 3494 (FAX)
    Hogarth Partnership Ltd.
    Simon Hockridge
    +44 (0) 20 7357 9477