Lundin Mining Corporation
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GOLD-COPPER: Nomad to acquire royalty on Troilus gold project
QUEBEC – Newly formed royalty and streaming co. Nomad Royalty has entered into a royalty purchase agreement with a private vendor to acquire a 1% net smelter return (NSR) royalty on a portion of Troilus Gold’s Troilus Gold project for…
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COVID-19: Coronavirus impacts spread across mining sector
As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and peaking…
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COPPER-GOLD: Lundin to pay $1B for Yamana’s Chapada mine in Brazil
TORONTO – Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned…
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Nevsun rejects $1.5B proposal from Euro Sun and Lundin Mining
Nevsun Resources (TSX: NSU; NYSE: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash and share proposal undervalues its high-grade…
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EQUIPMENT: Finning secures contract for Lundin’s Candelaria
CHILE – Finning International of Vancouver announced last week that its South American operation has been awarded a multi-year mining contract by Lundin Mining Corp. to deliver new equipment and product support to the Candelaria copper mining complex in the…
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BASE METALS: Lundin offers plans for next three years
TORONTO – Lundin Mining Corp. has provided new production guidance for the three-year period beginning in 2018. In 2020, the company expects to be producing as much as 201,000 tonnes of copper, 244,000 tonnes of zinc, and 16,000 tonnes of…
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TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, Democratic Republic of the Congo Glencore’s Mutanda copper-cobalt mine in the Democratic Republic of the Congo…
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ZINC: Lundin completes Neves-Corvo expansion study
PORTUGAL – Lundin Mining Corp. of Toronto has completed a feasibility study for a 50% expansion program at its Neves-Corvo zinc mine in the Alentejo district. The €257 million project includes the installation of a new underground crusher and conveyor…
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Ecuador snapshot: 10 active companies
VANCOUVER — The Ecuadorian government restructured its mining and tax policies in 2014 in a bid to bring back foreign investment that had fled the country in previous years. The move has spurred a resurgence of mineral exploration and development…
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COPPER: Lundin raises $1.1B through Tenke sale to Chinese
DEMOCRATIC REPUBLIC OF CONGO – Toronto’s Lundin Mining Corp. has sold its 24% interest in the Tenke Fungurume copper-cobalt mine for $1.14 billion to a private Chinese equity firm, BHR Partners. The agreement includes a contingent consideration of up to…
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SECOND QUARTER: Losses still plague Canadian miners
This is the season of quarterly reports (one of four times annually), but importantly the end of June marks the mid-point of 2016. From the results so far, this year is going to be an exceedingly difficult one in which…
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Lundin Mining discovery to extend Eagle mine life
VANCOUVER — Lundin Mining‘s (TSX: LUN; US-OTC: LUNMF) high-grade Eagle East nickel-copper discovery is on track to extend the life of its Eagle mine in northern Michigan. On June 29, the company released a maiden resource and preliminary economic assessment (PEA) on the satellite…
