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...