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First Quantum Minerals Ltd.

11:34 AM EST - First Quantum Minerals Ltd. : provided the following update on its nickel assets in Australia, Finland and Zambia. The Company's advanced nickel projects, Ravensthorpe and Kevitsa, are scheduled to be in commercial operation in 2011 and 2012, respectively. Together, these projects are expected to produce approximately 49,000 tonnes of nickel annually, which would place First Quantum among the top 10 nickel producers in the world. First Quantum Minerals Ltd. shares T.FM are trading up $1.21 at $21.71.