[ad_1]
tifonimages/iStock by using Getty Photos
Lundin Mining (OTCPK:LUNMF) explained Monday it agreed to receive a 51% stake in Chile’s Caserones copper mine from JX Nippon Mining & Metals for $950M.
Less than the offer terms, Lundin Mining (OTCPK:LUNMF) would make an $800M upfront funds payment and $150M in installments more than six several years, and would have the suitable to receive up to an further 19% desire in Caserones for $350M about a five-calendar year time period.
The enterprise claimed the acquisition would deliver a substantial-scale, long-existence copper operation with favorable hard cash flow era, complementing its present functions and over-all copper-dominant portfolio of high-high-quality base metal mines.
The Caserones mine’s generation of copper concentrate has stabilized at ~100K metric tons/12 months in the latest several years.
Lundin Mining (OTCPK:LUNMF) is a progress tale, with a good pipeline of tasks in advancement, in specific its lately acquired Josemaria undertaking, GoldStreetBets Exploration writes in an assessment posted on In search of Alpha.
[ad_2]
Source website link
