First Quantum Signs US$1 Billion Financing Facilty for Its Zambia Operations

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/30/12 -- First Quantum Minerals Ltd. ("First Quantum" or the "Company" or "FQM") (TSX: FM)(LSE: FQM) is pleased to announce the signing of a US$1 billion senior term and revolving facilities agreement by Kansanshi Mining PLC, holder of First Quantum's 80% owned Kansanshi copper-gold project in Zambia.

The five year facility featuring flexible drawing provisions will enable execution of planned capital works at the Kansanshi project. The facility includes customary conditions precedent to first drawdown which are expected to be satisfied during Q1 2012.

The Mandated Lead Arrangers for the facility are: Standard Chartered Bank, The Standard Bank of South Africa, BNP Paribas, Citibank N.A., and African Export-Import Bank.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

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For further information visit our web site at .



Contacts:
First Quantum Minerals Ltd. - North American Contact
Sharon Loung
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)


First Quantum Minerals Ltd. - United Kingdom Contact
Clive Newall
President
+44 140 327 3484
+44 140 327 3494 (FAX)



Maitland - United Kingdom Contact
Brian Cattell/James Devas
+44 207 379 5151
+44 20 7379 6161 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 30.01.2012 - 22:28 Uhr
Sprache: Deutsch
News-ID 109095
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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