US Edition32 Articles
32 Articles
The Canadian mining company Lundin Mining announced on Monday the sale of two of its seven operations. These are two underground mines 100% controlled by the firm in Europe: Neves-Corvo, an operation located in the Alentejo region of Portugal; and Zinkgruvan, located in the south center of Sweden, 250 kilometers southwest of Stockholm.Lundin reached an agreement with the Swedish Boliden in both fields for $1,520 million, and of the total, will r…
Boliden won the race against three Australian mining companies and will pay 1.3 billion dollars for the largest Portuguese mine and another one located in Sweden.
The mining group Boliden buys two mines from Lundin Mining – the Neves-Corvo mine in Portugal and the Zinc mine in Sweden.
Swedish buying mines in Portugal
The largest Portuguese mine is preparing to change hands. Swedish mining company Boliden announced that it is in exclusive negotiations with Lundin Mining to purchase the Neves-Corvo mine in Portugal and another mine in Sweden for US$1.3 billion (about 1.23 billion euros).
The Canadian group Lundin Mining has reached an agreement to sell its operations in Europe to Boliden, in a transaction involving the return of this Swedish company to the...
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