Canada miner Lundin to buy Freeport copper mine in Chile

Mon Oct 6, 2014 4:14pm EDT
 
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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)