Lundin selling pair of mines in Europe to Boliden AB in deal worth up to US$1.52B
- 52 billion.
- 37 billion in cash and up to us$150 million in contingent payments.
32 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…
Lundin sells European mines to Boliden for US$1.3B - The Northern Miner
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential... The post Lundin sells European mines to Boliden for US$1.3B appeared first on The Northern Miner.
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.
Boliden to acquire the Neves-Corvo and Zinkgruvan mines
STOCKHOLM, Dec. 9, 2024 /PRNewswire/ — Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden’s mine production as well as internal zinc and copper conc…
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