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Company Information for Anvil Mining Ltd

Company stock charts - 12 Month chart

Exchange TSX; AVM


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Exchange ASX; AVM


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Company Statement

Anvil Mining is the leading copper producer in the Democratic Republic of Congo. The Company's success, since first production in 2002, has been based on responsible development, community partnerships and continued improvement in shareholder value. 

Anvil has a clear and achievable growth strategy supported by high grade resources. The Company plans to more than double copper production from 40,000 tonnes in 2007 to over 100,000 tonnes per annum in 2010; at the same time investing in downstream processing to add value to the Company's products. 

The Company has two established mining and processing operations at Dikulushi and Kulu. Kinsevere was commissioned during the first week of June 2007, producing the first copper concentrates on June 9, 2007.

Anvil is listed on the Toronto (TSX) and the Australian (ASX) stock exchanges under the symbol AVM. The common shares of Anvil also trade on the Berlin Stock Exchange under the security code number A0B5NR.


Current Operations

Operations

Dikulushi 
The cornerstone of Anvil’s operations since first production in 2002, is currently producing 20,000 tonnes of contained copper and 1.8 million ounces of silver a year from its operation near Lake Mweru in Katanga. The mine is in transition from open pit to underground operations. Dikulushi ore is processed in a flotation concentrator at the site.

Kulu 
A tailings re-treatment operation based on coarse reject material from the former Mutoshi mine near Kolwezi. Kulu produced 19,956 tonnes of copper in the 2006 calendar year – the project’s first year of production.

Kinsevere
Set to become the flagship of Anvil’s DRC operations. Stage I began production in June 2007. The $35 million project involves the construction of an open pit mining operation, a heavy media separation plant and an electric arc furnace.

Development Projects

Kinsevere 
Stage II will incorporate a solvent extraction and electrowinning (SX-EW) processing plant to produce 60,000 tonnes a year of pure cathode copper. Construction of the $238 million second stage is expected to begin in the second half of 2007.

Although Kinsevere is the Company’s major current development project, Anvil is also considering options for value adding at Kulu and mining development at Mutoshi.

Key exploration projects

Mutoshi 
One of the great African copperbelt mining locations, where Anvil’s exploration and resource assessment programs aim to identify a resource of half a million tonnes of copper. The resource would underpin a SX-EW project. Current feasibility studies are looking at the potential for production from 2010.


Geographical Spread

Congo (DRC)


Board of Directors and Key Management

BOARD

John W. SabineChairman of the Board, Independent Director
William S. TurnerDirector, President and Chief Executive Officer
Peter J. BradfordIndependent Director
Thomas C DawsonChairman of the Audit Committee, Independent Director
Ambassador Kenneth L. Brown Independent Director

MANAGEMENT

Mr Craig R. Munro Vice President Corporate and CFO
Mr Malcolm Hillbeck Chief Operating Officer
Mr Mike Newman Vice President Project Development
Mr Mike O'Sullivan Vice President Business Development
Mr Nick Franey Vice President Exploration
Ms Lee Nehring Vice President Social Development
Mr Robert La Vallière Vice President Investor Relations
Mr Jeff Knuckey Vice President Human Resources
Mr Lui Evangelista Financial Controller
Mr Stuart McKenzie Company Secretary

Company Address

Australian Office
Level 2
38 Richardson Street
West Perth, Australia 6005

Telephone:+61 8 9481 4700
Facsimile:+ 61 8 9481 4800
Email:anvil[at]anvilmining.com
Website:http://www.anvilmining.com

Additional Address/Key Contact

PO Box 1654
West Perth
WA 6872
Canadian Office
1 Place Ville-Marie
28th Floor, Suite 2821
Montreal, Quebec
Canada H3B 4R4
Telephone: +1 (514) 448 6664
Fax: +1 (514) 448 6665
Mob: +1 (514) 944 9036

Capital

Outstanding at June 30, 2007 – 70.4 million
Fully diluted: 73.3 million

Annual General Meeting

May

Year End

31 December

Nominated Brokers

Euroz Securities Limited (Australia)
Paradigm Securities (Canada)
Haywood Securities Inc (Canada)

Major Shareholders

Colonial First Sate Wholesale Global Resources Fund (9.0%)
Deans Knight Management (5.5%)
ANZ Nominees (3.2%)

Related News

02/01/08 - Anvil Hammers Out Top Profits In The Dark Heart Of Africa
14/08/07 - Anvil Mining May Have Started Small But It Is Now A Whole Lot Bigger
06/11/06 - Anvil Mining Offers Good Earnings Growth From Copper And Cobalt Plus A Nominal Dividend

Most Recent Statement

24/08/08 - Anvil Mining Limited and Catala Global Limited announce definitive Subscription Agreement for private placement
11/07/08 - Anvil Announces C$296 million Private Placement
30/06/08 - Internet Fraud Alert
12/05/08 - March Quarter 2008 Financial Results
27/02/08 - Record Year for Production, Revenues, Net Income and Cash Flows
20/02/08 - Government Review of Kinsevere and Kulu Mining Rights

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