Company Profile For First Quantum Minerals Ltd

First Quantum Minerals Ltd. (FQM) is engaged in the production of copper, gold and acid, and related activities, including exploration, development and processing. These activities are conducted in Zambia, the Democratic Republic of Congo, Mauritania and Finland. The Company's assets in Zambia include the 80% owned Kansanshi open pit copper-gold mine, the 100% owned Kashime copper project and the 100% owned Bwana Mkubwa SX/EW facility and sulphuric acid plants. In the Democratic Republic of Congo, the Company operates the 95% owned open pit Frontier copper mine and is developing the 65% owned the Kolwezi copper-cobalt tailings project. In Mauritania, FQM operates the 80% owned Guelb Moghrein copper-gold mine. Its principal operating subsidiaries are First Quantum Mining and Operations Limited (FQMO), which includes Bwana Mkubwa and Kevitsa Mining. In June 2008, FQM acquired Scandinavian Minerals Limited, which owns the 100% owned Kevitsa nickel-copper-PGE project in northern Finland.

BRIEF: For the nine months ended 30 September 2009, First Quantum Mineral Limited's revenues decreased 28% to $1.25B. Net income decreased 56% to $236.2M. Revenues reflect a decrease in income from Kansanshi, a fall in revenue from Moghrein and lower income from Lonshi segments. Net income also reflects an increase in derivative instrument losses, a rise in depreciation & amortization expenses and higher interest expenses.

First Quantum Minerals Ltd
543 Granville Street
Vancouver   BC   V6C 1X8
P: +1604.6886577
F: +1604.6883818

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