Lundin Mining Corporation today announced that it has provided notice to HudBay Minerals Inc. of breaches of certain representations and warranties and non-fulfilment of certain conditions in the arrangement agreement dated November 21, 2008 between HudBay and Lundin Mining that entitle Lundin Mining to terminate the agreement. For full story, click here
Lundin Mining said to close Galmoy zinc-lead mine in Ireland in May. Was to close on a phased basis over three years from end-2008. For full story, click here
Canada’s Lundin Mining Corp said that it will close its Galmoy zinc-lead mine in Ireland in May 2009, earlier than planned, because of a sharp drop in zinc prices. For full story, click here
The company amassed a fortune in commodities – valued in excess of $4 billion – when oil cost about $20 a barrel and gold traded for $300 an ounce, by having an innate ability to spot value. For full story, click here
Lundin Mining Corp. posted a US$199-million loss as the metals miner took $201.1 million in pretax writedowns, reversing a year-before profit of $76.6 million. For full story, click here
Lundin Mining Corporation posted its unaudited net earnings, before impairment charges and related taxes, of $2.1 mn for the third quarter of 2008. Phil Wright, President and CEO, Lundin Mining Corporation, said: Prices have fallen sharply in the quarter. The price decline and commensurate price adjustments in the quarter, account for a difference in operating earnings [...]
Lundin Mining reported a loss in the second quarter due to falling zinc prices contribution to a $152.7 million impairment charge on its Aljustrel zinc mine in Portugal. For full story, click here
Lundin minerals may be planning a voluntary exit from Ozernoye lead-zinc project in Russia. For more information on this story, click here
Shares of Lundin Mining Corporation jumped almost 8 percent of Toronto Stock exchange, after company reported discovery of high-grade copper-zinc at its Neves-Corvo mine in Southern Portugal. The company was quoted as saying: There are indications from the thickness of the zinc zone, combined with the massive sulphide and copper mineralization found in some drill holes, [...]
Get our independent commentary on zinc trends and companies delivered to your inbox.
