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Tuesday 26 January, 2010

First Quantum Min Ld

RESTARTS BWANA MKUBWA COPPER

RNS Number : 1029G
First Quantum Minerals Ld
26 January 2010
 




NEWS RELEASE

10-03

January 26, 2010

www.first-quantum.com





First Quantum Minerals RESTARTS BWANA MKUBWA COPPER sx/EW PLANT 


First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "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                                                                                          12g3-2b-82-4461

of First Quantum Minerals Ltd.                                                                          Listed in Standard and Poor's    

G. Clive Newall

President


For further information visit our web site at www.first-quantum.com


North American contact: Sharon Loung
8th Floor, 543 Granville Street, Vancouver, British Columbia, Canada V6C 1X8

Tel: (6
47346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: sharon.loung@fqml.com 

United Kingdom contact: 
Clive Newall, President
1st Floor, Mill House
, Mill Bay Lane, Horsham, West Sussex RH12 1TQ United Kingdom
Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: clive.newall@fqml.com

Or

Simon Hockridge
Hogarth Partnership Ltd. Tel: +44 (0) 20 7357 9477

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 Autorité des marchés financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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