The Conference call later tonight will be very interesting. I...

The Conference call later tonight will be very interesting. I will reserve expressing an opinion until after the call.
The MD & A Financial statements are also available (41 pages.) I'll just post a couple of brief interesting points.

Near-term Objectives 2008:
Commissioning of the first Electric-Arc Furnace (“EAF”) at Kinsevere during Q2 2008.
• Completion of the transmission line at Kulu, connecting to the hydroelectric power grid.
• Review of development and stoping approaches at Dikulushi to improve extraction and safety.
• Resolution of current uncertainties in relation to the Mining Commission Review in the Democratic Republic of
Congo (“DRC”).
• Completion of installation of ground water pumps at Kinsevere to de-water the open pits during the wet season.
• Completion of a pre-feasibility study for construction of a Vat Leach / Solvent Extraction and Electrowinning (“SXEW”)
plant to process resources in the Mutoshi area.

Longer Term Objectives (2009)

Complete resource evaluation at the Mutoshi area.
• Construction of a Vat Leach / SX-EW plant to process resources from the Mutoshi area.
• Exploitation of open-pittable deposits near the Dikulushi mine to supplement production from the underground
mine.

Mining Commission Review

In early February 2008, Anvil received letters from the Minister of Mines for the DRC notifying Anvil of the results of the review by the DRC Government with respect to the Dikulushi, Kulu and Kinsevere mining properties held by Anvil’s subsidiaries. The letters from the Minister included a statement of terms upon which the Government proposes
discussions be based to balance the partnership between the DRC and Anvil.

On February 29, 2008, the Company submitted responses to each of the letters received from the Minister of Mines for
the DRC concerning results of the review by the DRC Government with respect to the Dikulushi, Kulu, and Kinsevere mine properties. Further to this submission of responses, on April 1, 2008, AMCK and SMK received letters from La Générale des Carrières et des Mines (“Gécamines”) requesting a meeting concerning the review of mining agreements by the DRC Government. These meetings are expected to take place in the second quarter 2008.
Since submitting the Company’s response at the end of February, there has been no further request for information from the DRC Government.

Anvil slumps on quarterly income dip
Lorna Seatter
Tuesday, 13 May 2008
Source MiningNews.net

COPPER and silver producer Anvil Mining’s stock dipped more than 11% in early morning trade, on a 1.4% quarter-on-quarter slip in net income to $US21.4 million ($A22.6 million) for the March quarter.

Copper concentrate from Anvil Mining's African operations.

Net income for the three months to March slipped to $21.4 million from the preceding December quarter’s $21.7 million.

The dip was partly attributable to a drop in concentrate sales which fell 5% from the December quarter’s $79.3 million in net copper concentrate sales to the March quarter’s total of $75.3 for sales of both copper and silver concentrate.

Copper and silver production fell from 16,878 tonnes of copper and 717,402oz of silver in the December quarter to 12,027t copper and 482,655oz silver in the March quarter, a fall of nearly 29% for copper output and 33% in silver.

Perth-based Anvil produces copper and silver in the Democratic Republic of Congo from its main Dikulushi, Kinsevere and Kulu mines.

Reduced production was partially a result of lower than expected grades within the underground stopes at Dikulushi, despite mining targets being met.

Lower metallurgical recoveries at Kulu led Anvil to revise its 2008 output target for the project to 9000t of contained copper.

Development forecast costs at Anvil’s third project, Kinsevere, have increased $123 million to $380 million for the second stage of Kinsevere expansions.

“Our efforts are currently focused on the construction and development of Kinsevere Stage II in order to be in position to deliver the first copper cathodes in the second half of 2009,” Anvil chief executive Bill Turner said.

Anvil shares were at $12.85 in mid morning trade.