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Gold/Mining/Energy : Copper - analysis

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From: Cal Gary5/15/2007 1:15:21 PM
   of 2131
 
First Quantum Minerals Ltd

Novelis to be removed from S&P/TSX indices

Novelis Inc (C:NVL)
Shares Issued 75,357,660
Last Close 5/11/2007 $50.00
Monday May 14 2007 - Miscellaneous

Also First Quantum Minerals Ltd (C:FM) Miscellaneous

Standard & Poor's Canadian index operations have made the following index changes.

The shareholders of Novelis Inc. have accepted the $44.93 (U.S.) per share cash offer from Hindalco Industries Ltd. Novelis Inc. will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped Equity and Equity 60, the S&P/TSX 60 and 60 Capped, and the S&P/TSX Capped Materials indices. First Quantum Minerals Ltd. will replace Novelis Inc. in the S&P/TSX 60, 60 Capped and Equity 60 indices. The transaction will be effective after the close on Thursday, May 17, 2007.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

© 2007 Canjex Publishing Ltd.
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