Lundin Mining
EUROPE
“ Currently the life is eight years and there is a satellite deposit we are drilling now to see if we can expand the life beyond this . There are not many new mines being built these days so we are very pleased with how this has developed .”
The CEO said that Lundin should be able to produce at around $ 2 per pound of nickel , and with prices currently sitting at roughly $ 8 , the margins are extremely encouraging , especially given annual production is expected to reach respective amounts of 23,000 and 20,000 tons of nickel and copper .
The 300 metre long , 85 metre wide and 340 metre deep high grade deposit will also produce some cobalt , platinum , palladium and gold byproducts .
Just recently announced is Lundin Mining ’ s acquisition from Freeport of an 80 percent stake in the renowned Candelaria copper / gold mine in Chile . This $ 1.8 billion acquisition vaults Lundin up into the top 20 copper producers , more than doubling 2015 copper production .
Lundin is pursuing upside opportunities at Candelaria with an aggressive exploration programme to extend the life of the large open pit and three existing underground mines that make up the Candelaria Mine Complex .
‘ Just recently announced is Lundin Mining ’ s acquisition from Freeport of an 80 percent stake in the renowned Candelaria copper / gold mine in Chile ’
Closer to home Back in Sweden , Lundin Mining is celebrating its 10th anniversary of operating the Zinkgruvan zinc and copper mine , which has at least another
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