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Lundin Mining Completes Increase of Ownership in Caserones


On July 2, 2024, Lundin Mining Corporation completed the option to acquire an additional 19% interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile, which owns the Caserones copper-molybdenum mine, from JX Advanced Metals Corporation through a cash payment of $350 million. Lundin Mining’s ownership of Caserones is now 70%.

Lundin Mining is represented internally by Peter Brady, Executive Vice President & General Counsel and Rashida McLean, Director, Legal.

Cassels acted for Lundin Mining.

RELATED EXPERTISE: Securities | Mining