First Quantum Minerals Invites Inmet Shareholders to a Webcast of Management
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 -- First
Quantum Minerals Ltd. ("First Quantum" or the "Company")
(TSX:FM)(LSE:FQM) is pleased to extend an invitation to all Inmet
shareholders to participate in a webcast outlining our vision to
create a new leader in global copper.
The webcast will be held on Tuesday, January 29, 2013 at 12:30 PM
EST. The webcast and presentation materials will be available on the
Company's website www.first-quantum.com.
About First Quantum
First Quantum is a leading international mining company with a global
portfolio of copper and nickel assets located in Africa, Australia,
South America and Europe. For the twelve months ended 30 September
2012, First Quantum generated revenue and adjusted EBITDA of US$2,743
million and US$1,014 million respectively and produced 290 kt of
copper, 32 kt of nickel and 181 koz of gold. A diverse portfolio of
profitable operating assets and quality growth projects makes First
Quantum one of the fastest-growing mining companies in the world.
First Quantum expects that its final production numbers for 2012 will
reflect 270 - 290 kt of copper and 36 - 40 kt of nickel produced.
First Quantum is listed on the Toronto, London and Lusaka Stock
Exchanges, with a market capitalization of approximately US$10.5
First Quantum has earned a strong reputation as an industry leading
developer of high-quality base metals projects globally. Although a
significant copper producer currently, First Quantum is itself in a
phase of transformational growth, with an anticipated tripling of
copper production by the end of 2018. To achieve this growth, the
First Quantum team is building on its significant experience in
project development, with a proven record of successfully developing
resource assets. The capital intensity of our Kansanshi and Sentinel
developments, for example, at approximately US$5,000 / tonne and
US$6,000 / tonne, respectively, are among the lowest in the industry.
Importantly, First Quantum has consistently delivered superior
shareholder returns, averaging 32 percent per annum over the period
2000 to 2011.
Certain statements and information in this press release, including
all statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or information
with respect to the anticipated completion of the proposed Offer and
the anticipated strategic and operational benefits of the Offer.
Often, but not always, forward-looking statements or information can
be identified by the use of words such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "projects", "anticipates" or "does not
anticipate" or "believes" or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
With respect to forward-looking statements and information contained
in this press release, First Quantum has made numerous assumptions
including, among other things, assumptions about the price of copper,
gold, cobalt, nickel, PGE, and sulphuric acid, and other anticipated
costs and expenditures. Although management of First Quantum believes
that the assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that any forward-looking statement or information herein will prove
to be accurate. Forward-looking statements and information by their
nature involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or implied
by such forward-looking statements or information. These risks,
uncertainties and other factors include, but are not limited to,
uncertainties surrounding the ability to realize operational
synergies following completion of the Offer, reliance on Inmet's
publicly available information which may not fully identify all risks
related to its performance, success in integrating the retail
distribution systems, and the integration of supply chain management
processes, future production volumes and costs, costs for inputs such
as oil, power and sulphur, political stability in Zambia, Peru,
Mauritania, Finland, Turkey, Spain, Panama and Australia, adverse
weather conditions in any of the foregoing countries, labour
disruptions, mechanical failures, water supply, procurement and
delivery of parts and supplies to the operations, and the production
of off-spec material.
See First Quantum's annual information form for additional
information on risks, uncertainties and other factors relating to the
forward-looking statements and information. Although we have
attempted to identify factors that would cause actual actions, events
or results to differ materially from those disclosed in the
forward-looking statements or information, there may be other
factors, many of which are beyond the control of First Quantum, that
might cause actual results, performances, achievements or events to
differ from those anticipated, estimated or intended. Accordingly,
readers should not place undue reliance on forward-looking statements
While First Quantum may elect to update the forward-looking
statements at any time, First Quantum does not undertake to update
them at any particular time or in response to any particular event,
other than as may be required by applicable securities laws.
Investors and others should not assume that any forward-looking
statement in this press release represent management's estimate as of
any date other than the date of this press release.
For further information visit our web site at www.first-quantum.com.
First Quantum Minerals Ltd. - North American Contact
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)
First Quantum Minerals Ltd. - United Kingdom Contact
+44 140 327 3484
+44 140 327 3494 (FAX)
+44 778 994 3482
Media: Harmony Communications
+44 20 7016 9155
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