- Business
- Lundin Mining Corporation is a diversified Canadian base metals mining company that primarily produces copper, gold, nickel, zinc, molybdenum and silver from operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States. Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates the Candelaria copper mining complex in Chile, comprising the Candelaria and Ojos del Salado open pit and underground mines producing copper concentrates; the Caserones open pit copper-molybdenum mine in Chile producing copper concentrate, copper cathode and molybdenum concentrate; the Chapada open pit copper-gold mine in Brazil producing copper concentrate; the Eagle underground nickel-copper mine in Michigan, USA producing nickel and copper concentrates; and the Zinkgruvan zinc-copper mine in Sweden. In December 2024, Lundin Mining announced the sale of its European assets, Neves-Corvo and Zinkgruvan, to Boliden for total consideration of up to $1.52 billion, with the transaction expected to close in mid-2025. In January 2025, the company completed the joint acquisition of Filo Corp. with BHP for approximately C$4.0 billion and formed a 50/50 joint venture, Vicuña Corp., holding the Filo del Sol and Josemaria copper-gold projects along the Chile-Argentina border; BHP paid Lundin Mining US$690 million for its 50% interest in Josemaria, positioning Vicuña to advance an integrated copper district development with $312 million in 2025 capital expenditures focused on drilling, resource estimation, mine planning and exploration.