Equinox and ZESCO Sign a MOU for the Construction and Supply of Power to Lumwana.TORONTO -- Equinox equinox (ē`kwĭnŏks), either of two points on the celestial sphere where the ecliptic and the celestial equator intersect. The vernal equinox, also known as "the first point of Aries," is the point at which the sun appears to cross the Minerals Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :EQN Eqn - Language for typesetting mathematics. "A System for Typesetting Mathematics", B.W. Kernighan and L.L. Cherry, CACM 18(3):151-157 (Mar 1975). )(ASX ASX See: Australian Stock Exchange :EQN) ("Equinox") is pleased to announce that a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. has been signed with ZESCO ZESCO Zambia Electricity Supply Corporation ZESCO Zoll Equipment Supply Company Limited ("ZESCO"), the power transmission utility of the Government of the Republic of Zambia, for the design and construction of a high voltage transmission line to supply power to the Lumwana Project in North Western Province of Zambia. The 65km extension of the 330kV line from Solwezi to Lumwana will provide power for the Lumwana Project's requirements as well as have sufficient capacity should the addition of smelting capacity be contemplated. This project will eventually extend to the interconnection with the Democratic Republic of Congo which will provide further downstream benefits to all users. ZESCO and Equinox are expected to finalize the connection agreement and power supply contract by July 2005. In 2003 ZESCO was contracted to construct a 330kV transmission line from Luano on the Copperbelt to the Kansanshi mine near Solwezi. The 180 km project was successfully commissioned in November 2004 after a 10 months construction period, evidencing ZESCO's capacity to undertake large scale power supply projects. Equinox looks forward to working with ZESCO in developing infrastructure in the North Western Province of Zambia. Forward Looking Statements This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Toronto and Australian securities authorities. The independent feasibility study, prepared by Aker Kvaerner, Golder Associates and Investor Resources Ltd has been disclosed in the Technical Report dated April 2004, and is compliant with the JORC JORC Joint Ore Reserves Committee Code and National Instrument 43-101. Unless otherwise indicated, technical information contained in this release is based on information compiled by a "Qualified Person" who is either a corporate member of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists or the CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. . With respect to statements relating to exploration activities, the Qualified Person is Mr Michael Richards, an employee of the Company. Equinox Minerals Limited (TSX:EQN) (ASX.:EQN) |
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