December 10, 2010 / 2:54 AM / 8 years ago

Lundin Mining suspends operations in Spanish mine

* Extremadura mine suspended pending review

* Sees higher copper, zinc and lead production in 2011

* Sees capex increasing to $290 mln in 2011

NEW YORK, Dec 9 (Reuters) - Lundin Mining Corp (LUN.TO) said on Thursday it has curtailed operation at its Aguablanca Mine in the Extremadura region of Spain due to very heavy rains.

The company said its operations will be suspended pending an initial technical investigation with a decision expected in the next few weeks.

Lundin also provided outlook for 2011, saying it expects higher copper, zinc and lead production in 2011 compared to the previous year.

“Capital investment is expected to increase to $290 million, up from an estimated $185 million for 2010,” said Chief Executive Phil Wright.

Wright said the investment reflects expansion of production capacity in its European operations and development at its Lombador and Tenke mines.

Reporting by Yinka Adegoke

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