First Quantum Minerals Appoints Troy Hayden Interim Chief Financial Officer
VANCOUVER, BRITISH COLUMBIA -- March 16, 2009 - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) (LSE: FQM) today announced the appointment of Troy Hayden as Interim Chief Financial Officer of the Company effective immediately. Mr. Hayden assumes the responsibilities of David E. J. Moroney who has resigned the position.
Mr. Hayden joins the Company after a 12-year career with Woodside Petroleum Ltd., Australia's largest public independent oil and gas exploration and production company. During his tenure, Mr. Hayden held positions of increasing responsibility culminating in Vice President, Pluto LNG Business Unit where he oversaw the legal, sustainability, finance, commercial and development activities of the Business Unit. He also served as Chief Financial Officer, USA for Woodside Petroleum's US Business Unit from 2005 to 2007 and Acting Chief Financial Officer, for Woodside Petroleum Ltd. from 2004 - 2005.
Philip Pascall, First Quantum's Chairman and CEO said, "On behalf of the Board of Directors, we welcome Troy and look forward to his contribution to the Company. We also thank David for his service to First Quantum and wish him well in his future endeavors."
On Behalf of the Board of Directors of
First Quantum Minerals Ltd.
G. Clive Newall, President
Listed in Standard and Poor's
12g3-2b-82-4461
Certain information contained in this news release constitute "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 explorati on, 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.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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
+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
or
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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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 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 KALUMBILA in Zambia and KOLWESI MUSONOI in Congo Dem. Rep. of and its main exploration properties are KEVITSA and KEVISTA in Finland, KIPUSHI in Congo Dem. Rep. of and HAQUIRA EAST and CRISTO DE LOS ANDES in Peru. First Quantum is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 10.2 billions as of today (US$ 8.1 billions, € 7.1 billions). Its stock quote reached its lowest recent point on November 02, 2001 at CA$ 0.38, and its highest recent level on April 17, 2024 at CA$ 14.78. First Quantum has 689 369 984 shares outstanding. |