FIRST QUANTUM MINERALS REPORTS THIRD QUARTER
2009 COPPER PRODUCTION
OF 93,500 TONNES
VANCOUVER, BRITISH COLUMBIA, October 19, 2009 - First Quantum
Minerals Ltd. (First Quantum or the Company, TSX Symbol FM, LSE Symbol FQM) today reported copper production of 93,500
tonnes for the third quarter and 275,300 for the first nine months of
2009. These production levels exceed those of the equivalent 2008 periods
by 14% and 15%, respectively.
|
Third Quarter
|
Nine Months
|
Operation
|
2009
|
2008
|
2009
|
2008
|
|
(tonnes)
|
Kansanshi
|
61,300
|
53,400
|
182,500
|
153,300
|
Guelb Moghrein
|
7,400
|
8,500
|
24,800
|
24,900
|
Frontier
|
24,800
|
18,700
|
68,000
|
55,300
|
Bwana
Mkubwa
|
-
|
1,600
|
-
|
5,300
|
|
|
|
|
|
Total
|
93,500
|
82,200
|
275,300
|
238,800
|
Stockpiles
of copper concentrate at September 30, 2009 decreased 30% to
approximately 25,500 tonnes of copper in concentrate (Kansanshi
21,900 tonnes, Frontier 3,100 tonnes and Guelb Moghrein 500 tonnes) from the June 30, 2009 level. A
35% decrease in the Kansanshi stockpile
reflects a full quarter of export shipments following the receipt, on May
18, 2009, of a government exemption on the 15% concentrate export
levy.
Note:
Production and stockpile numbers are preliminary and may be subject to
final adjustment.
Further
information will be published in the Company�s third quarter operating and financial results.
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
|