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LUMWANA, Zambia, Oct 01, 2008 (Dow Jones Commodities News via Comtex) — EQNMF | Quote | Chart | News | PowerRating — Toronto-listed Equinox Minerals Ltd. (EQN.T), owners of Lumwana Copper Mine in Zambia, are planning to construct a mineral treatment plant at the mine to produce copper cathodes, cobalt, gold and sulfuric acid, the company’s vice-president in charge of investor relations and corporate development said Tuesday. 
Kevin Van Niekerk, told a group of analysts and reporters during a mine tour at Lumwana that Equinox already has a feasibility study for the processing plant which was designed in 2003 and would revise it next year to construct the plant.

“In the next five years, we should have our own processing plant, this will enable us process secondary metals from the mine like gold and cobalt,” he said

Nierkerk said a treatment plant would enable the mine start producing sulfuric acid which would be sold both within Zambia and other mining countries, sulfuric acid in is an essential chemical for copper mining.

Niekerk said around $600 million would be spent on a new plant which will include a smelter and an acid plant. When Equinox made the first feasibility study in 2003, the cost of the plant was estimated at $300 million.

-By Nicholas Bariyo, contributing to Dow Jones Newswires; +256 75 262 4615; bariyonic@yahoo.co.uk

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