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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PRODUCTEUR |
CODE : FM.TO |
ISIN : CA3359341052 |
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First Quantum est une société de production minière de cuivre basée au Canada. First Quantum est productrice de cuivre, de cobalt et d'or en Mauritanie, en Republique Democratique Du Congo et en Zambie, en développement de projets de cobalt, de cuivre et de nickel en Republique Democratique Du Congo et en Zambie, et détient divers projets d'exploration au Perou. Ses principaux projets en production sont BWANA MKUBWA, KANSANSHI et MOPANI en Zambie, FRONTIER et KOLWEZI en Republique Democratique Du Congo et GUELB MOGHREIN en Mauritanie, ses principaux projets en développement sont KALUMBILA en Zambie et KOLWESI MUSONOI en Republique Democratique Du Congo et ses principaux projets en exploration sont KEVITSA et KEVISTA en Finlande, KIPUSHI en Republique Democratique Du Congo et HAQUIRA EAST et CRISTO DE LOS ANDES au Perou. First Quantum est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 10,7 milliards CA$ (7,8 milliards US$, 7,3 milliards €). La valeur de son action a atteint son plus bas niveau récent le 02 novembre 2001 à 0,38 CA$, et son plus haut niveau récent le 23 avril 2024 à 15,52 CA$. First Quantum possède 689 369 984 actions en circulation. |