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Equinox Minerals
Ltd. plans to start exporting stockpiled uranium from its Lumwana mine
in Zambia in about two to three years, when prices rise, the head of
the company said on Wednesday.

Chief executive
officer, Craig Williams, said Equinox had so far stockpiled 4.2 million
tonnes of uranium at the mine and would continue doing so until prices
rise to commercially viable levels.

Equinox estimates
that the Lumwana ore body has about 8 million tonnes of uranium as well
as its copper resource of 900 million tonnes and is mining them
together, he said.

The company
produced 109,413 tonnes of copper at Lumwana in 2009, and Mr. Williams
said it was maintaining the production estimate of 135,000 tonnes of
copper at the mine for 2010.

Equinox said in
January 2009 it was delaying construction of a uranium processing plant
at Lumwana, due to low uranium prices and difficulty in raising finance.