First Quantum Minerals Announces Renewal of $250 Million Revolving Loan Facility
VANCOUVER, BRITISH COLUMBIA -- Jan. 12, 2009 - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) (LSE: FQM) today announced the renewal of its existing $250 million revolving loan facility with Standard Chartered Bank. The renewed facility matures in January 2010, bears interest at LIBOR plus 4.5% and is available for general corporate purposes. The loan is secured by a first ranking mortgage over investments owned by the Company.
All of the Company's existing banking facilities remain in good standing.
On Behalf of the Board of Directors of First Quantum Minerals Ltd. G. Clive Newall, President |
12g3-2b-82-4461 Listed in Standard and Poor's |
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 explorat ion, 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.
CONTACT INFORMATION:
First Quantum Minerals Ltd. - North American Contact
Sharon Loung
(604) 688-6577 or Toll Free: 1-888-688-6577
Fax: (604) 688-3818
Email: sharon.loung@fqml.com
or
First Quantum Minerals Ltd. - United Kingdom Contact
Clive Newall
President
+44 140 327 3484
Fax: +44 140 327 3494
Email: clive.newall@fqml.com
Website: www.first-quantum.com
or
Hogarth Partnership Ltd.
Simon Hockridge
+44 (0) 20 7357 9477
Renmark Financial Communications Inc.
Henri Perron : hperron@renmarkfinancial.com
Christine Stewart : cstewart@renmarkfinancial.com
Montreal - Tel.: 514 939-3989 / Fax: 514 939-3717
Toronto - Tel.: 416 644-2020 / Fax: 416 644-2021
www.renmarkfinancial.com
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First Quantum Minerals Ltd.
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PRODUCER |
CODE : FM.TO |
ISIN : CA3359341052 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
First Quantum is a copper producing company based in Canada. First Quantum produces copper, cobalt and gold in Congo Dem. Rep. of, in Mauritania and in Zambia, develops cobalt, copper and nickel in Congo Dem. Rep. of and in Zambia, and holds various exploration projects in Congo Dem. Rep. of and in Peru. Its main assets in production are BWANA MKUBWA, KANSANSHI and MOPANI in Zambia, FRONTIER and KOLWEZI in Congo Dem. Rep. of and GUELB MOGHREIN in Mauritania, its main assets in development are KOLWESI MUSONOI in Congo Dem. Rep. of and KALUMBILA in Zambia and its main exploration properties are KEVITSA and KEVISTA in Finland, HAQUIRA EAST and CRISTO DE LOS ANDES in Peru and KIPUSHI in Congo Dem. Rep. of. First Quantum is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 12.4 billions as of today (US$ 9.1 billions, € 8.2 billions). Its stock quote reached its lowest recent point on November 02, 2001 at CA$ 0.38, and its highest recent level on September 19, 2024 at CA$ 17.94. First Quantum has 689 369 984 shares outstanding. |