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Lundin Mining Corp T.LUN

Alternate Symbol(s):  LUNMF

Lundin Mining Corp. is a Canada-based diversified base metals mining company. The Company is engaged in metals mining with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States primarily producing copper, zinc, gold and nickel. The Company’s operations include Candelaria, Caserones, Chapada, Eagle, Neves-Corvo, Josemaria and Zinkgruvan. Candelaria comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, which produce copper concentrates. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Josemaria is a large-scale copper-gold-silver project. Zinkgruvan is engaged in producing zinc, lead and copper concentrates.


TSX:LUN - Post by User

Bullboard Posts
Post by davidyon Aug 29, 2016 10:12am
185 Views
Post# 25186399

Bloomberg article

Bloomberg articleAn article on Likas Lundin was on Bloomberg's website this morning, the Tenke decision got some coverage:

"Lundin executives are in discussions with Freeport and the Chinese to decide whether to sell or keep their stake, or to exercise a right of first offer, allowing it to match the Luoyang-based company’s bid.

China Molybdenum would likely be “OK” as a partner “but it’s a different culture and they’re not very experienced miners so I’m sure it’s going to be more work for us,” Lundin said. If Lundin Mining exercises the right, which would give it 80 percent of the mine, it could also decide to sell its entire stake, pending approval from the government, he said."

Also:

"....both he and Lundin Mining Chief Executive Officer Paul Conibear are keen to pay shareholders a dividend as soon as cash flow makes that sustainable."

Full article here, good read:

https://www.bloomberg.com/news/articles/2016-08-29/no-guts-no-glory-motto-has-commodity-baron-lundin-eyeing-deals?cmpid=yhoo.headline
 
Bullboard Posts