Welcome to Equinox Minerals Limited
Equinox is an international mining company, dual listed on the Canadian (Toronto) and Australian stock exchanges (Symbol: 'EQN').
The Company is currently focused on operating its 100% owned large scale Lumwana Copper Mine in Zambia, one of the largest new copper mines to be developed globally over the last few years.
Equinox acquired the Lumwana project in 1999 and following nearly 10 years of feasibility, financing and construction, commissioned the mine, plant and infrastructure in December 2008.
Situated 220 km northwest of the Zambian Copperbelt, Lumwana hosts a proven and probable mineral reserve of 321 Mt of ore grading 0.7% Cu plus inferred resources of 417 Mt of 0.6% Cu. Lumwana is now a major copper mine which will establish Equinox as one of the world’s top 20 copper producing companies.
At initial design capacity, Lumwana will process in excess of 20 million tonnes of ore per year, mined at an average life of mine strip ratio of 4.2:1. Lumwana ore, which is predominantly sulphide, is treated through a large, yet conventional plant, producing a copper concentrate for sale to local and international offtakers.
In addition Equinox is also looking at opportunities to grow the Company through both internal expansion (potential uranium plant to process the high grade uranium stockpile and an expansion of the Lumwana copper plant throughput rate) and through the international search for mergers and acquisitions.
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.
Our Key Objectives
- Continue to ramp up copper concentrate production at Lumwana;
- Continue to assess the development of a 0.8-1.0 Mtpa Uranium process plant with a view to producing U3O8 and finalise marketing and financing agreements;
- Advance successful exploration targets to early stage resource definition stage and pre-feasibility study level where applicable;
- Assess and evaluate opportunities to expand and optimize the Lumwana Copper Mine's concentrator and mine throughput rate and near mine orebodies.
- Review and assess existing and future corporate opportunities as the company grows.
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