https://newsletter.mw.creamermedia.com
Copper|Mining|Projects|Operations
Copper|Mining|Projects|Operations
copper|mining|projects|operations

Lundin CEO says potential buyers are eyeing its European mines

Lundin Mining CEO Jack Lundin

Lundin Mining CEO Jack Lundin

12th September 2024

By: Bloomberg

  

Font size: - +

Lundin Mining’s top executive says several potential buyers are looking at its mines in Europe as the Canadian metals producer looks to sell its oldest assets.

“We have a lot of interested parties looking at our European assets,” CEO Jack Lundin said in a Tuesday interview in Vancouver. “Our European assets have over time become non-core for us, so we’re running a process to see if we can get more value from selling.”

Lundin’s two copper and zinc mining operations in Europe — Sweden’s Zinkgruvan and Portugal’s Neves-Corvo — went on sale earlier this year as the Vancouver-based company turns its focus to Latin America. The mines are Lundin’s oldest assets and generated about 19% of the company’s revenue last year.

The sales process is under way as Lundin presses ahead with projects in South America. The Canadian firm teamed up with BHP Group in July to buy Filo as part of its effort to develop major copper mines in Argentina.

Lundin said he’s aiming to wrap up the process of selling the European operations within a year.

“We don’t want to drag on the process, because it’s distracting and takes time,” he said. “We don’t want this to drag on for more than six to 12 months longer.”

Edited by Bloomberg

Comments

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.893 0.997s - 150pq - 2rq
Subscribe Now