Lundin Mining president and chief executive officer, Jack Lundin, described the Neves-Corvo and Zinkgruvan mines as pivotal to the company’s evolution into a global multi-asset base metals producer.
By selling these assets, the Lundin family has departed from their ancestral homeland of Sweden and Europe, to focus mainly on growth plans in South America.
Earlier this year, Lundin announced a joint venture with BHP (ASX, NYSE: BHP) to acquire Filo Corp, the owner of the Filo del Sol project in Chile. The copper-gold-silver deposit boasts estimated resources of at least 2.2 billion pounds of copper, 2.86 million ounces of gold, and 133.33 million ounces of silver.
The partners also grabbed the large-scale Josemaría copper-gold-silver project, in the San Juan Province of Argentina, about 9 km east of the border with Chile.
Industrial logic and strategic fit
For Boliden, the acquisition of the two mines has…
