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Lundin buys stake in Chile copper mine for $1.8B, will sell part of gold/silver operations
2014-10-07 00:50:58| Grocery - Topix.net
Lundin Mining says it's buying an 80 per cent stake in the Candelaria and Ojos del Salado copper mine in Chile from Freeport-McMoRan Inc. for US$1.8 billion. The remaining 20 per cent stake in the mines will continue to be owned by Sumitomo Metal Mining Co., Ltd and Sumitomo Corp. The Toronto-based mining company says the acquisition will capitalize on long-term copper production from the northern region of Chile.
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