NON-MERGER: Inmet, Lundin break off friendly deal

TORONTO - Lundin Mining and Inmet Mining have terminated their friendly business combination first announced on Jan. 12, 2011. The original deal worth $3.6 billion would have created a new company with a market capitalization of $9 billion.

TORONTO - Lundin Mining and Inmet Mining have terminated their friendly business combination first announced on Jan. 12, 2011. The original deal worth $3.6 billion would have created a new company with a market capitalization of $9 billion.

Six weeks after Lundin and Inmet announced their intentions, Equinox Minerals made a hostile cash and share offer for Lundin. Its proposal, said Equinox, was worth $4.8 billion.

Lundin is now reported to be seeking an alterative to the Equinox bid.

More information is available at www.LundinMining.com, www.InmetMining.com and www.EquinoxMinerals.com.

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