March 16, 2011 / 9:46 PM / 7 years ago

UPDATE 1-Lundin says Aguablanca output to resume in 2012

TORONTO, March 16 (Reuters) - Lundin Mining (LUN.TO) said on Wednesday that operations at its Aguablanca mine in Spain will not resume until 2012, after heavy rains caused a landslide at the nickel-copper mine in December.

At the time, the Canadian base metal miner said it would suspend operations pending a technical investigation.

Lundin said it plans to perform stabilization work at the site this year, in an effort to guarantee the operation’s viability and safety.

Toronto-based Lundin said the mine accounts for only 2 percent of its net asset value. The company had not included any output from Aguablanca in its 2011 production outlook. (Reporting by Euan Rocha; editing by Rob Wilson)

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