Ashurst is advising First Quantum Minerals Ltd. in connection with the UK aspects of its recommended offer for Lumina Copper Corp. Pursuant to the acquisition, First Quantum will acquire, by way of a statutory plan of arrangement under Canadian law, all of the outstanding securities of Lumina. Based upon the consideration, the total value of 100 per cent. of the fully diluted common shares of Lumina is approximately C$470 million. The consideration for the offer is a mixture of cash and shares and the First Quantum shares issued pursuant to the offer will be listed and posted for trading on the Toronto Stock Exchange, and admitted to listing on the Official List and to trading on the Main Market for listed securities of the London Stock Exchange.

Lumina is the owner of the Taca Taca copper deposit in the Puna region of Salta Province in northwest Argentina.

First Quantum is an international mining company whose principal activities include mineral exploration, mine engineering and construction, development and mining. First Quantum shares are listed and posted for trading on the Toronto Stock Exchange and are admitted listing on the Official List and to trading on the London Stock Exchange.

The Ashurst team is led by corporate partner Nick Williamson, assisted by associate Kate Gritten.