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 cuts 2011 guidance for copper, zinc output

Shares in Toronto-based Lundin Mining fell on Friday morning, after the company lowered its production forecasts for copper and zinc in 2011, citing weaker-than-expected second-quarter output at the Neves Corvo mine in Portugal. Lundin now...

Lundin shares take a hit, keen to get down to business

Shares in Lundin Mining fell sharply on Thursday morning after the company said it had concluded a strategic review and would not pursue any of the proposals received from potential buyers of the group or its assets. The firm received a...

Lundin says strategic review over, no deals to announce

Toronto-based Lundin Mining has wrapped up its review of strategic options and opted not to pursue any of the proposals it received during the process, the company said on Wednesday. Lundin launched the review after breaking off an agreement to...

Lundin profit up 37%

Base-metals producer Lundin Mining earned $71,2-million in the first quarter, 37% higher than a year earlier, after metals prices rose and the company increased production of copper, zinc and lead. Revenue rose 49% year-on-year, to $211,5-million,...

Lundin shares jump on Chinese bid report

Shares in Lundin Mining were up 10% on Friday morning, after a Canadian newspaper reported that a Chinese-led consortium was preparing a takeover bid for the base-metals producer. A group led by Jinchuan Group and including sovereign wealth fund...

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...

Lundin CEO sticks around but early days for potential deals

Lundin Mining chief Phil Wright said on Wednesday he will postpone plans to step down as CEO, after the company broke off an agreement to merge with rival Inmet Mining. Lundin, which continues to recommend rejection of an unsolicited offer from...

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...