South African consultancy assisting mining industry in Cameroon

Mining engineering consultancy SRK Consulting is currently advising the government of Cameroon on developing a minerals and mining industry in the country, chairperson Roger Dixon tells Mining Weekly.

Lundin Mining signs option agreement to buy Spain copper project

Lundin Mining said it entered into an option agreement with the owners of the Touro copper project in northern Spain, enabling it to buy an 80% stake in the project for €60-million ($78.72-million). The Canadian miner will form a joint venture...

Lundin profit plunges 71% to $42.5m

Canadian miner Lundin on Wednesday posted a 71% drop in net earnings for the fourth quarter, which came in at $42.5-million, compared with $146.1-million a year ago. Profit took a hit after the TSX-listed company lost out on sales from the...

Lundin's Conibear running the firm as though permanent CEO

Lunding Mining interim CEO Paul Conibear said on Wednesday he was running the company as though he was permanently in the post, though the board had yet to appoint a permanent CEO. The TSX-listed copper and zinc producer said in May it would not...

Inmet wary of M&A, still hopeful on coal power for Panama copper mine

The heated copper environment at the moment makes it “very difficult” to enter a deal without ending up in some kind of bidding war, and then risk overpaying for an asset, Inmet Mining CEO Jochen Tilk said on Friday. Inmet broke off a merger...

Lundin slams Equinox rejecting Minmetals as 'hypocritical'

Lundin Mining threw a few more punches on Tuesday in its war of words with rival Equinox Minerals, describing Equinox's rejection of a takeover bid from Minmetals Resources as “hypocritical”. Lundin itself is fighting off a hostile offer from...

Minmetals to launch formal Equinox offer before month-end

China’s Minmetals could make a formal offer for ASX- and TSX-listed Equinox Minerals in the next three weeks. A spokesperson for Minmetals told Mining Weekly Online on Friday that the formal offer would be launched before Equinox’s takeover...

Equinox postpones shareholder meeting, extends Lundin offer

Equinox Minerals, the subject of an unsolicited takeover bid from China's Minmetals, said on Monday it has postponed a shareholder meeting for a vote on its own hostile offer for rival Lundin Mining. Shareholders will now vote on the Lundin bid...

Equinox scoffs at Lundin's 'exploring alternatives'

Copper miner Equinox Minerals, which has a mine in Zambia and a project in Saudi Arabia, ramped up the rhetoric on Wednesday in its bid to woo shareholders of acquisition target Lundin Mining, dismissing the suggestion that Lundin will be able to...

Lundin adopts rights plan, mulls options after Inmet deal called off

Lundin Mining and Inmet Mining have broken off plans to combine their companies, because they did not expect shareholders would support the deal, the firms announced on Tuesday evening. Lundin said separately that it has adopted a shareholder...

Tussle for Lundin far from over

There is still a lot of room for new twists in the battle for control of Lundin Mining, despite the company's board and management reiterating support earlier this week for a friendly merger with Inmet Mining, to form a new company called...

Industrial actions ends at Lundin mine in Portugal

Underground mining employees at the Neves-Corvo copper mine in Portugal have ended a programme of limited industrial action, mine owner Lundin Mining reported on Thursday. Some underground workers had been holding two-hour strikes at the...