VANCOUVER–Lundin Mining Corp has actually authorized a bargain to market a set of mines in Europe to Boliden abdominal muscle in an arrangement valued at approximately US$ 1.52 billion.
Under the regards to the arrangement for the Neves-Corvo mine in Portugal and Zinkgruvan mine in Sweden, Lundin Mining will certainly obtain US$ 1.37 billion in money when the offer shuts.
The firm will certainly additionally obtain approximately an extra US$ 150 million in contingent repayments based upon the contentment of particular problems.
Lundin claims the earnings from the offer will certainly reinforce its annual report and sustain its development strategies in the Vicu ña District in South America.
Lundin president Jack Lundin claims it’s a suitable time to enhance firm’s profile with the sale as it approaches coming to be a top-tier copper-dominant mining firm.
The sale is expected to enclose mid-2025, based on traditional problems and regulative authorizations.
This record by The Canadian Press was very first releasedDec 9, 2024.
Companies in this tale: (TSX: LUN)
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