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...

Lundin Mining Q2 profit up 36%

Lundin Mining reported a 36 percent rise in quarterly profit as high copper prices offset lower grades of copper ore. Net profit was $57.7 million, or 10 cents per share, compared with $42.3 million, or 7 cents per share in the year-ago quarter.

Lundin Q3 profit jumps, finds new deposit at Portugal mine

Toronto-based Lundin Mining earned $59-million in the third quarter, up from $3,7-million a year earlier, when the company recorded big derivatives losses and losses on the sale of assets. Excluding non-recurring items, adjusted net income rose...

Lundin boosts copper reserves at Neves Corvo

Toronto-based Lundin Mining has increased both reserves and resources of copper at its Neves-Corvo mine, in Portugal, since its last update six months earlier. Lundin, which reported resource and reserve estimates for its mines in Europe and...

Lundin, mine union agree on incentive plan

Canada's Lundin Mining has reached an agreement with the union representing workers at the firm's Neves-Corvo mine, in Portugal, where industrial action and work stoppages have affected production this year. The company has agreed to implement a...

Lundin says Neves-Corvo strike called off

The union representing employees at Lundin Mining's Neves-Corvo mine, in Portugal, has cancelled a strike that was to take place from May 5 to May 12, the company said on Wednesday. Lundin reported on the planned strike on April 20, just a few...

Lundin Mining forecasts $250m capex for 2010, output flat

Toronto-based Lundin Mining expects production in 2010 to be similar to 2009, and is forecasting capital expenditures of around $250-million, the company said on Friday. The only real change in output levels will be in zinc, after the company...

Lundin hedges copper

Vancouver-based Lundin Mining has fixed floor and maximum prices for about 40 000 t of copper over the next 12 months, the firm announced on Monday. The weighted average floor price for the hedged metal is $1,87/lb and the weighted average...

Lundin says Portugal zinc mine 'not viable', mulls options

Shares in base-metals miner Lundin Mining slid on Thursday, after the company posted a second-quarter loss of $108,42-million, and said that its Aljustral project, in Portugal, was not economically viable at current zinc prices. The company...

Lundin finds new zinc/copper deposit at Portugal mine

Base-metals miner Lundin Mining has discovered a new zinc/copper deposit at its Neves-Corvo mine, in southern Portugal, the firm reported on Thursday. The new deposit has been named the Lombador East deposit and contains the thickest,...

Neves-Corvo mine expansion, Portugal

The project will entail the construction of an additional circuit within the existing copper plant at the Neves-Corvo mine.

Lundin approves €11,3m expansion to improve recoveries at Portugal plant

Base-metals miner Lundin Mining will build an additional circuit in the copper plant at its Neves-Corvo mine, in Portugal, to recover copper and zinc that is currently being lost to tailings, the firm said on Monday. “Since the start of...