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653 M£cad FQMREPORTS SALE OF ITS SHAREHOLDING IN EQUINOX
First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”, LSE Symbol
“FQM”) today reported that it has sold its non-core shareholding of 114,132,300 common shares in Equinox
Minerals Limited.
The Company intends to deploy the net proceeds from the transaction of approximately C$653 million into
the advancement of its diversified pipeline of growth projects. First Quantum currently has three significant
development projects underway - the Ravensthorpe nickel project in Australia, scheduled for commissioning
in 2011; the Kevitsa nickel-copper-PGE project in Finland, scheduled for commissioning in 2012; and the
Sentinel deposit in Zambia, which is being advanced towards a development decision. First Quantum also
has a definitive agreement to acquire Antares Minerals Inc., owner of the Haquira deposit in Peru, one of the
world’s major undeveloped copper deposits which is scheduled to complete in early December 2010.
On Behalf of the Board of Directors 12g3-2b-82-4461
of First Quantum Minerals Ltd. Listed in Standard and Poor’s
G. Clive Newall
President