Equinox Provides Lumwana Completion Update



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
    THE U.S./

    TORONTO, July 18 /CNW/ - Equinox Minerals Limited (TSX and ASX symbol:
"EQN") ("Equinox" or the "Company") reported on July 7 2008 that a fire had
caused damage to a 20MVA transformer and adjacent 11kV substation. This
equipment forms part of the process plant facility currently being
commissioned by the Company's EPC contractor, the Ausenco Bateman Joint
Venture ("ABV").
    Assessments have been conducted by independent experts, insurance loss
adjusters and ABV engineers to identify equipment that will require
replacement. Remediation of the damaged area has begun and ordering of
requisite replacement items has commenced.
    Equinox advises that the recovery schedule and project hand-over from the
EPC Contractor based on current lead times for the replacement, installation
and testing of the new equipment is now expected to be December 2008.
    The Company has vigorously pursued claims under its insurance policies
that provide cover for material damage and delay in start-up coverage and has
received liquidated damages under the EPC Contract.
    Completion work is continuing elsewhere on the project whilst the
remediation program is implemented with reticulated power from the Zambian
utility, ZESCO remaining unaffected and available.
    Mr Craig Williams, Equinox's President and CEO said; "While this is an
unfortunate event, our focus remains on delivering a world class asset and
facilities to our shareholders and the people of Zambia. Lumwana is a project
that will deliver strong returns and provide significant scope for expansion
in the near future. We will keep shareholders informed as the Company
progresses towards first concentrate production."

    On Behalf of the Board of Directors of Equinox:

    Craig R. Williams - President & Chief Executive Officer
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    Cautionary Language and Forward Looking Statements
    --------------------------------------------------
    This press release contains "forward-looking statements" and
"forward-looking information", which may include, but is not limited to,
statements with respect to the future financial or operating performances of
Equinox, its subsidiaries and their respective projects, the future price of
copper and uranium, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of estimated
future production, estimated costs of future production, capital, operating
and exploration expenditures, costs and timing of the development of the
Lumwana Project, the costs of Equinox's hedging policy, costs and timing of
future exploration, requirements for additional capital, government regulation
of exploration, development and mining operations, environmental risks,
reclamation and rehabilitation expenses, title disputes or claims, and
limitations of insurance coverage. Often, but not always, forward-looking
information can be identified by the use of words such as "plans", "expects",
"is expected", "is expecting", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes", or variations (including
negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might", or "will" be taken, occur
or be achieved. The purpose of forward-looking information is to provide the
reader with information about management's expectations and plans for the
Company. Readers are cautioned that forward-looking information involves known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Equinox and/or its subsidiaries to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such factors include,
among others, those factors discussed in the section entitled "Risk Factors"
in the Company's annual information form, which is available at www.SEDAR.com.
Although Equinox has attempted to identify statements containing important
factors that could cause actual actions, event or results to differ materially
from those described in forward-looking information, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Equinox disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
    Technical information in this release is summarized or extracted from the
"Amended Technical Report on the Lumwana Copper Project, North Western
Province, Republic of Zambia" dated June 2008 (the "Technical Report"),
prepared by Michael Davis, Process Manager, Ausenco Ltd. ("Ausenco"), Ross
Bertinshaw, Principal of Golder Associates Pty Ltd. ("Golder"), Andrew Daley,
Director, of Investor Resources Finance Pty Ltd ("IRF"), Daniel Guibal,
Corporate Consultant (Geostatistics and Resources), of SRK Consulting
(Australasia) Pty Ltd ("SRK") and Robert Hanbury, Associate Director, of
Knight Piésold Pty Ltd. ("Knight Piésold"), each of whom is a "Qualified
Person" in accordance with National Instrument 43-101 -Standards of Disclosure
for Mineral Projects. Readers are cautioned not to rely solely on the summary
of such information contained in this release, but should read the Amended
Technical Report which is posted on Equinox's website
(www.equinoxminerals.com) and filed on SEDAR (www.sedar.com) and any future
amendments to such report.
    Readers are also directed to the cautionary notices and disclaimers
contained herein. All currency in this release is U.S. dollars unless
otherwise stated.
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For further information:

For further information: Craig R. Williams (President and Chief
Executive Officer); Michael Klessens (V.P. Finance and CFO), Phone: +61 (0) 8
9322 3318, Email: equinox@equinoxminerals.com; or Kevin van Niekerk, (V.P.
Investor Relations/Corporate Development), Phone: (416) 865-3393, Email:
kevin.van.niekerk@equinoxminerals.com; For information on Equinox and
technical details on the Lumwana Project please refer to the company website
at www.equinoxminerals.com

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Equinox Minerals Limited

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