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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (31014)	1/11/2009 7:03:42 PM
From: LoneClone	Read Replies (1) \| Respond to of 193918

Zambia's Lumwana eyes 170,000t copper output in '09 reuters.com Australia's Equinox Minerals Ltd. , which owns Zambia's Lumwana Copper Mine, said on Thursday it plans to produce 170,000 tonnes of copper metal in concentrate in 2009 after starting production at the mine. Equinox said in a statement production was progressing smoothly after the mine was commissioned late last year. The company said concentrate grade and specifications were both in line with design expectations and off-take agreements. Equinox said concentrate deliveries to off takers started in December and long-term contract deliveries would start this month to the new Chinese-owned Chambishi Copper Smelter, with interim deliveries of concentrate going to international metal traders' facilities under short-term contracts. Equinox also said it was optimistic Zambian authorities would honour a development agreement it signed with the country to maintain lower taxes. Zambia has exempted Lumwana from paying export tax for its concentrate and has also exempted it from import and excise duty on fuel and electricity.