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...

Freeport DRC contract deal close enough to win-win

The agreement announced on Friday by the government of the Democratic Republic of Congo, Phoenix-based Freeport-McMoRan Copper & Gold and its junior partner Lundin Mining looks like a "good compromise" for all concerned, said Menas Associates...

Tenke Fungurume running above nameplate – Lundin

The giant Tenke Fungurume copper/cobalt mine, in the Democratic Republic of Congo, is operating at above its nameplate capacity, less than two months since the operation began shipping its first copper cathode, Lundin Mining CEO Phil Wright...

Freeport-McMoRan Q1 earnings weighed by lower copper price

Phoenix-based Freeport-McMoRan Copper & Gold on Wednesday reported sharply lower net income of $43-million for the first quarter of this year, compared with $1,1-billion a year earlier, because of falls in the price of copper year-on-year. Group...

Lundin completes Aljustrel sale

Base-metals miner Lundin Mining has closed the sale of its Aljustrel mine, in Portugal, to MTO SGPS, the firm said on Thursday. Lundin announced in December that it would sell its subsidiary that owns the mine to the Portuguese firm.

Lundin will close Galmoy zinc mine in May

Base-metals miner Lundin Mining will permanently stop production at its Galmoy zinc/lead/silver mine, in Ireland, in May this year. The company, which is battling depressed metals prices, indicated in November that it would likely close the mine...

Lundin finalises agreement for sale of Aljustrel mine

Base-metals miner Lundin Mining has reached an agreement to sell the Aljustrel zinc mine, in Portugal, to MTO SGPS, and expects the sale to close by the end of January. The transaction is conditional on approval from the Portuguese Securities...

Lundin agrees to sell Aljustrel mine in Portugal

Base-metals-miner Lundin Mining has entered into a nonbinding agreement to sell its Aljustrel zinc mine, in Portugal to MTO SGPS, a Portuguese company, the firm announced on Friday evening. Besides other conditions, the agreement requires final...

HudBay, Lundin merger plan runs into headwinds

HudBay Minerals and Lundin Mining's announcement on Friday that they plan to merge their businesses to "create a new Canadian leader in global mining" may not have received quite the reaction the deal's architects were hoping for. HudBay shares...

Lundin Mining boosted zinc reserves 61% last year, copper up 2,8%

Base-metals miner Lundin Mining increased its proven and probable zinc reserves by 61,4% year on year in 2007, while copper reserves were 2,8% higher on December 31 than a year earlier, the firm said on Friday. The company reported copper reserves...

Lundin Mining reports $436m Q4 loss after impairment charges

Base-metals miner Lundin Mining has posted a net loss of $436,6-million, after noncash impairment charges of $491,9-million. The charges related to its merger with EuroZinc Mining and the acquisition of Rio Narcea Gold Mines.

Lundin reviews asset portfolio as new chief takes stock

Base metals miner Lundin Mining is taking a close look at all its operations and investments, with a view to managing assets more actively and improving the quality of its portfolio, new CEO Phil Wright said on Thursday. Wright replaced former...