October 6, 2014 / 8:19 PM / 3 years ago

Canada miner Lundin to buy Freeport copper mine in Chile

Oct 6 (Reuters) - Canadian-based miner Lundin Mining Corp said on Monday it has agreed to buy Freeport-McMoRan Inc’s 80 percent stake in the Candelaria copper mining operation in Chile for $1.8 billion in cash, plus some possible upward adjustments.

The remaining 20 percent stake will continue to be held by Sumitomo Metal Mining Co Ltd and Sumitomo Corp , Lundin said in a statement. (Reporting by Nicole Mordant in Vancouver, editing by G Crosse)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below