Chile’s Mining Minister Marcela Hernando has called for a harsh punishment on those responsible for the unexplained opening of a huge sinkhole near a copper mine owned by Canada’s Lundin Mining. The sinkhole, which first emerged in late July approximately 665 km North of Chile’s capital...
Filo Mining Corp has announced assay results from two holes at its ongoing drilling campaign at the Filo del Sol Project in Chile, where one hole contains the best copper equivalent (CuEq) result to date. Hole FSDH055C returned 1,337.5 metres at 1.33% CuEq from 150 metres,...
BHP will invest around US$79 million for a 5% share in Canadian junior Filo Mining Corp, which is developing a copper-gold-silver project straddling the border between Argentina and Chile. Vancouver-based Filo said on Monday it would issue 6.27 million common shares in a private placement to...
Lundin Mining has announced it has reached a deal to acquire all of the issued and outstanding shares of Josemaria Resources through a plan of arrangement for approximately US$485 million. The acquisition will give Lundin 100% ownership of the Josemaria copper-gold project located in the San...
Canada’s Lundin Mining has announced its purchase of a Brazilian copper-gold mine from Yamana Gold for more than US$1 billion, in a move that will significantly bolster its base and precious metals production. The Chapada mine, located about 270 km Northwest of Brazil’s capital Brasilia, began...
Chilean electricity provider AES Gener has signed a long-term renewable energy supply agreement with Canada’s Lundin Mining Corporation for its Candelaria Mine Complex in Chile. The contract will see AES provide 1,100GWh of clean energy per year to the mining firm’s copper operation for a period...
Canadian miner Nevsun Resources has accepted a buyout bid worth US$1.41 billion from China’s Zijin Mining Group, after Nevsun rejected multiple hostile bids from rival Lundin Mining Corp. Gold, copper and zinc-focused Zijin will offer C$6.00 per share in cash for Nevsun, representing a premium of...
Lundin Mining (TSX:LUN) will sell its minority stake in an African copper mine to a Chinese private-equity firm for US$1.14 billion. The deal will see Lundin relinquish its 30% interest in TF Holdings, the holding company which indirectly owns 80% of the Tenke Fungurume mine in...