Profile: Lundin Mining Corp (LUN.TO)
6 May 2015
Lundin Mining Corporation (Lundin), incorporated on July 31, 2007, is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. The Company’s mining operations include Neves-Corvo Mine, Zinkgruvan Mine, Aguablanca Mine and Tenke Fungurume. Lundin Mining is a diversified Canadian base metals mining company with operations and development projects in Portugal, Sweden, Spain, and the United States, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper or cobalt mine in the DRC and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland. Neves-Corvo is a major underground mine. The principal means of mine access are provided by one vertical 5 meter diameter shaft and a ramp from surface. The shaft is used to hoist ore from the 700 meter level. The surface is nominally 1,200 meter above datum. A conveyor decline descends from the 700 meter level to the 550 meter level and provides ore hoisting from the deeper levels of the mine. The mine is highly mechanized and a number of different stoping methods are employed but the most significant are bench-and-fill and drift-and-fill. Backfill is provided by hydraulically placed sand, paste tailings and internally generated waste rock.
The Company’s Zinkgruvan mine is located approximately 200 kilometers southwest of Stockholm in south central Sweden. The mine site is some 15 kilometers from the town of Askersund and comprises a deep underground mine, a processing plant and associated infrastructure and tailings disposal facilities. Concentrates are trucked from the mine to the inland port of Otterbacken on Lake Vanern from where they are shipped via canal and sea to European smelter customers. The Eagle mine is located in the Upper Peninsula of Michigan, USA, in Michigamme Township, Marquette County. The property is on the watershed divide of the Yellow Dog River and Salmon Trout Rivers. The closest community to the mine site is Big Bay, 24 kilometers from the property by road. Big Bay is an unincorporated community within Powell Township and has limited services. The closest full service community is Marquette, 53 kilometers by road from the property. Marquette provides a regional airport, rail and shipping facilities and a range of commercial services. The Aguablanca mine is a single open-pit mine and is located approximately 100 kilometers north of Seville in the Extremadura region of southern Spain. The mine lies some 30 kilometers south of the town of Monesterio.
Lundin Mining Corp
150 King St W Suite 1500
P.O. Box 38
TORONTO ON M5H 1J9
Company Web Links
- Lundin Mining shuts Candelaria copper operation in Chile due to rain
- NORDIC STOCKS - Factors to watch on Feb 4
- RPT-BRIEF-Lundin Mining 2015 capital expenditures for mines operated by co to be $470 mln
- Lundin Mining to cool heels on acquisitions, not eyeing Anglo copper assets
- Glencore, Mick Davis among suitors of Anglo's Chile mines - sources