Canadian Mining Journal


COPPER-ZINC: Lundin looks ahead to 2016-18

TORONTO – Lundin Mining Corp. is looking ahead to the three-year period 2016-18 and providing production guidance. Copper output will be up at Candelaria (80% interest) in Chile, and zinc output will rise as a plant improvement project is completed at Zinkgruven in Sweden.

Excluded from the forecast is potential production for the Aguablanca nickel-copper project (currently suspended) in Spain, potential expansion at the Neves-Corvo zinc plant in Portugal, or further debottlenecking at the Tenke copper project the Democratic Republic of Congo.

Lundin said in a release that it is taking measured to preserve operating margins in light of continuing depressed metals prices. The company will be re-examining its capital spending plans and reviewing options to reduce production costs.

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