Equinox Minerals
Equinox Minerals (EQN) is an international mineral exploration and development company principally focused on base and precious metals. Equinox has operations in Zambia and interests in Australia and Peru. Its major asset is Lumwana Copper Project (Lumwana), situated in the North Western Province of Zambia. Equinox has a dual listing on the Canadian (Toronto) and Australian stock exchanges. EQN listed on the ASX on 21 June, 2004.
Toronto-based Barrick Gold trumped China Minmetals Resources to win a $7.22 billion takeover of Equinox Minerals (ASX:EQN).
In the global mineral asset acquisition rush, Barrick's move was the most recent and comes at an opportune time as industrial metal prices rise to levels of about US$10,000 per tonne. Equinox has followed through on the C$4.8bn bid for Canada's Lundin Mining.
Three Chinese banks are giving at least US$4.6 billion corporate debt funding to buy Equinox Minerals, (ASX:EQN) according to Minmetals Resources, with majority of the loan to be partly secured by its assets. Thomson Reuters publication Business Point first reported the loan details. The magazine said that China Development bank will take the largest share and Bank of China has also been approached.
Learn the dividend history for EQUINOX MINERALS LIMITED. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive EQN dividends if you own the EQUINOX MINERALS LIMITED shares on the ex-dividend date.
Equinox Minerals (EQN), an Australia based global mineral exploration and development company that mainly concentrates on precious and base metals has managed to secure as much as $US580 million worth of funding from the international banks to clear its debt as the miner is working to give a boost to its Lumwana copper mine in Zambia which is fully owned by the company.
Roc Oil was the overall worst performing stock taking in an 11.92 percent decrease. It was a mixture of property development, mining, financial services, and oil companies who were among the worst performing stocks for the week 14 of 2008 on the Australian sharemarket. Valad Property (VPG), Lihir Gold (LHG), Allco Finance (AFG), Roc Oil (ROC), Equinox Minerals (EQN). These worst performing stocks for the week 14 recorded losses above 6.12 percent by the end of the trading week.
Name: Equinox Minerals Limited
ASX Code: EQN
Equinox Minerals Ltd is a Perth based ASX listed global minerals exploration company focused on copper-cobalt mineralization in the Zambian Copperbelt region; Uranium mineralization in Zambia; Archaean nickel sulphide mineralization of the Kambalda-style in the Yilgarn Province of Western Australia; Epithermal gold and base metal mineralization in Peru; and Iron oxide copper-gold (‘IOCG’) mineralization in South Australia, North Queensland and Sweden.
Company URL: www.eqr.com.au/
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