Equinox Minerals Posts Strong Quarterly Results
Equinox Minerals has beaten analysts estimates as it reported a fourth quarter profit. It also said that its full year copper output has surpassed its guidance. Equinox ended the year with $319,480 million in cash and cash equivalents.
It has formally announced its hostile takeover bid for Ludin Mining this week. The Canadian $ 4.8 billion worth bid includes a $3.2 billion bridging loan that it has arranged via Goldman Sachs lending Partners and Credit Suisse Securities. The cash and stock bid challenges a previously planned merger of equals between Ludin Mining and Inmet Mining, a Canadian company.
Chief Executive Officer of the Perth Based Equinox Minerals said that they would consider asset sales in the context of noncore and non copper assets of Ludin Mining as a debt reducing measure. This means that if the takeover is successful then Equinox Mining may sell the Ludin Mining zinc mine in Sweden called Zinkgruvan mine.
Equinox Mining currently operates the Lumwana mine in Zambia and is developing another project in Saudi Arabia. Ludin Mining owns part of a copper and cobalt venture in the Democratic Republic of Congo and also has stake in operations in Portugal, Spain, Sweden and Ireland. Equinox hopes that its acquisition of Ludin will create a global copper giant which will be listed amongst the top 10 copper producing companies by 2016.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Equinox Minerals Posts Strong Quarterly Results. AZoMining. Retrieved on February 01, 2026 from https://www.azomining.com/News.aspx?newsID=3683.
MLA
Scanlon, Joel. "Equinox Minerals Posts Strong Quarterly Results". AZoMining. 01 February 2026. <https://www.azomining.com/News.aspx?newsID=3683>.
Chicago
Scanlon, Joel. "Equinox Minerals Posts Strong Quarterly Results". AZoMining. https://www.azomining.com/News.aspx?newsID=3683. (accessed February 01, 2026).
Harvard
Scanlon, Joel. 2019. Equinox Minerals Posts Strong Quarterly Results. AZoMining, viewed 01 February 2026, https://www.azomining.com/News.aspx?newsID=3683.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.