Lundin Mining said it has opted to exercise its option to acquire an additional 19% interest in its equity position for SCM Minera Lumina Copper Chile, or Lumina Copper, owner of the Caserones copper-molybdenum mine in Chile. The deal with JX Advanced Metals Corporation carries a price tag of $350 million. Closing is expected on or around 2 July. The…
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Diversified Canadian miner Lundin Mining has reported a fatality at its Neves-Corvo mine in Portugal on February 12. An employee was involved in a fall of ground accident while operating a piece of equipment underground. “We are deeply saddened by this tragic incident. Our sincere thoughts and support are with our colleague’s family and coworkers during this difficult time,” said…
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Canadian producer Lundin Mining confirmed it is acquiring a majority interest (51%) of JX Nippon Mining and Metals subsidiary SCM Minera Lumina Copper Chile, operator of the Caserones copper-molybdenum mine in the Atacama Region of Chile. The price tag on the deal is about $950 million, including $800 million in cash consideration and $150 million in deferred cash payable in…
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A large mystery sinkhole that developed in July at Lundin Mining’s Minera Ojos del Salado operation in Chile will be filled in as it also continues to pump out water that has seeped into the mine, according to a company official. A senior executive for a local unit, Luis Sanchez, told Reuters that an investigation is in the “decisive stages”…
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Chile’s Minister of Mining Marcela Hernando said during the agency’s investigation into a sinkhole that has formed at Lundin Mining’s Chilean unit Ojos del Salado that the event was caused by “overexploitation” and excessive mining at the site. Work is continuing to determine the origin of cracks close to the subsidence and any potential impact to an aquifer near the…
Read MoreOfficials from Chile’s National Geology and Mining Service agency Sernageomin has ordered the suspension of operations at Lundin Mining’s Minera Ojos del Salado complex after a sinkhole developed at the Alcaparrosa underground copper mine, part of the Candelaria operation. The sinkhole, which has most recently measured 50 meters in diameter and 200 meters deep but appears to be stable, has…
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Canadian-based Lundin Mining has confirmed the close of its takeover of Josemaria Resources and the Josemaria operation in Argentina, which is also making progress with the recent regulatory approval of its environmental social impact assessment. Read full article.
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Lundin Mining and its Eagle underground nickel mine in Michigan’s Upper Peninsula recently worked alongside luxury carmaker Porsche to set a new Guinness World Record: the greatest altitude change ever achieved by an electric car. Read full article from North American Mining.
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