JOHANNESBURG (miningweekly.com) – Canadian base metals miner Lundin Mining has been given approval for listing its shares on Nasdaq Stockholm, with trading set to start next week under the trading symbol ‘LUMI’.
Lundin is converting Swedish Depository Receipts (SDRs) to shares for trading on Nasdaq Stockholm and will not be issuing any new shares. Following the conversion process, the company will be dual listed on the TSX and Nasdaq Stockholm.
The first day of trading of shares on Nasdaq Stockholm is expected to be June 8, with June 7 being the last day of trading of the SDRs.
With operations in Chile, the US, Portugal and Sweden, Lundin primarily produces copper, nickel and zinc. In addition, Lundin holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.