Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LoneClone who wrote (36039)	4/24/2009 4:02:18 PM
From: LoneClone	Read Replies (1) \| Respond to of 193670

First Quantum copper output up 17% in Q1 miningweekly.com By: Liezel Hill 23rd April 2009 TORONTO (miningweekly.com) – TSX- and LSE-listed First Quantum Minerals produced 88 600 t of copper in the first three months of 2009, 17% more than a year earlier. However, the company said stockpiles of copper concentrate jumped to about 37 800 t by the end of March, compared with 16 400 t at the end of the December quarter, because of higher copper production at First Quantum's mines, combined with smelting capacity constraints in Zambia. Of the total concentrate stockpile, 30 500 t was at First Quantum's Kansanshi mine, in Zambia. “With copper prices low during the quarter, it was decided to wait until local smelting capacity and copper prices improved, rather than export and incur the high export charges,” First Quantum said. The firm plans to send the existing surplus stockpiles to all the Zambian smelters over the next two quarters, after which, it expects that stockpiles will be brought back to normal levels. First Quantum mines copper in Zambia, the Democratic Republic of Congo and Mauritania. The company maintained its full-year production estimate of 380 000 t of copper.