0020 GMT [Dow Jones] First Quantum Minerals' (FM.T) decision to...

0020 GMT [Dow Jones] First Quantum Minerals' (FM.T) decision to sell 16%
holding in Canadian listing of Equinox Minerals (EQN.AU) prompts stock's 4.6% fall
in Australian listing: EQN down 4.4% at A$6.07. Move shouldn't throw spanner in
works of Equinox's majority-scrip takeover of Citadel Resource (CGG.AU), but fact
that no keystone buyer has stepped forward--RBC, BMO soliciting buyers for First
Quantum's 113.8 million shares--takes shine off takeover premium now hanging around
most listed copper producers. "I'm sure the first thing RBC would have done is
call round all the major miners and said, 'I've got a big stake in
Equinox'," says BBY analyst Gavin van der Wath. "This would be an ideal
foothold in the company; you'd just need to buy up to 19% and then launch your
takeover, but if no one's buying I suspect it's because the stock is too
expensive."