Group Profile
FOCUSED ON PRODUCTION
Equinox Minerals Limited (EQN on TSX and ASX) is an international mine development and exploration company operating the flagship Lumwana copper mine in Zambia.
Lumwana, owned 100% by Equinox, is situated 220 km northwest of the world-renowned Zambian Copperbelt. With proven and probable reserves totaling 321 million tonnes of ore grading at 0.73% copper, Lumwana represents the single largest new copper mine coming into production anywhere in the world in 2008/2009*.
At full capacity, mine production rates will process in excess of 20 million tonnes of ore per year mined at an average LOM strip ratio of 4.2:1. Lumwana ore, which is predominantly sulphide, is treated through a large, yet conventional plant which produces a sulphide concentrate which is being sold to offtakers.
Concentrate production commenced in December 2008. Once operating at full capacity, Equinox will operate one of the largest copper mines in Africa. Target production for 2010 is 135,000 tonnes (300 M lbs) of copper in concentrate at a C1 cash cost of $1.35/lb Cu.
The project has significant potential for organic expansion and the Company believes that Lumwana represents the cornerstone for its objective to build a new mining house.
In 2009 Equinox will be one of the world’s top 20 copper producing companies.
* Goldman Sachs JBWere
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