Latest News Release
September 29, 2023
Lundin Mining is a company based in Toronto, Canada, that specializes in extracting copper, zinc, nickel, and other base metals. The company was founded in 1994 by Adolf H. Lundin, a Swedish-born entrepreneur and mining industry veteran.
Lundin Mining's early years were focused on exploration and development projects in countries such as Mexico, Portugal, and Spain. In 2004, the company made a significant acquisition when it purchased the Aljustrel copper-zinc mine in Portugal.
In 2006, Lundin Mining made another major acquisition when it purchased the Eagle Mine in the United States. The Eagle Mine is a high-grade nickel-copper deposit in Michigan's Upper Peninsula.
In 2018, Lundin Mining completed the acquisition of the Chapada copper-gold mine in Brazil, which further increased its production capacity and expanded its portfolio of assets.
Today, Lundin Mining is a multinational mining company operating in Canada, the United States, Portugal, and Sweden. The company employs over 2,800 people and has a market capitalization of over USD 8 billion.
Lundin is a world leader in ESG (Environmental, Social Governance) via its Lundin Foundation,
The Lundin Foundation is proud to have been awarded the PDAC 2023 Sustainability Award for creating an organization funded by mining revenue with the sole purpose of providing lasting benefits for communities surrounding Lundin Group companies’ operations.
The PDAC 2023 Sustainability Award honours an organization demonstrating outstanding initiative, leadership and accomplishment in establishing good community relations during an exploration program or operation of a mine. Core to every Lundin Group company is a commitment to leveraging resource development to mobilize economic opportunities for local communities and empower community members to connect with the necessary skills, knowledge and resources to improve their lives.??
See the video here: https://www.youtube.com/watch?v=oSvOvAuRgPw
Candelaria Copper Mining Complex:
The Candelaria copper mining complex is situated in the Atacama Region of Chile. It was acquired in 2014 by Freeport-McMoRan. The complex includes the Candelaria mine, an open pit mine that started production in 1995, and the Alcaparrosa and Santos underground mines. These mines produce concentrate, which is sold to a centralized smelter in Chile or shipped overseas.
Chapada Gold-Silver-Copper Mine:
The Chapada gold-silver-copper mine is in Goiás, Brazil. It was acquired from Yamana Gold in 2019. This open pit mine began production in 2007 and produces concentrate for export from the port of Vitória.
Eagle Nickel-Copper Mine:
The Eagle Nickel-Copper mine is in Marquette County, Michigan. It was acquired from Rio Tinto in 2013 and started production the following year. The ore concentrate from this underground mine is shipped to smelters across North America.
Neves-Corvo Silver-Copper-Zinc-Lead Mine:
The Neves-Corvo silver-copper-zinc-lead mine
is located in the Alentejo Region of Portugal. It is an underground mine that produces ore concentrate, shipped to smelters across Europe. The silver production of this mine is contracted to Wheaton Precious Metals.
Zinkgruvan Zinc-Lead-Silver Mine:
The Zinkgruvan zinc-lead-silver mine is near Zinkgruvan in Örebro County. It is an underground mine, and the ore concentrate is shipped via Otterbäcken to smelters across Europe. This mine was acquired from Rio Tinto in 2004, and Wheaton Precious Metals has agreed to purchase the mine's silver stream.
Fruta del Norte (-3.834053430310664, -78.60411005) in Ecuador is a Gold/Copper Producer.