Lundin Mining $262.5 million acquisition of stake in Timok project

Overview:

• Lundin Mining has acquired an interest in FreeportMcMoRan's stake in the Timok project in Serbia for $262.5 million.
• The Timok project is currently held 55% by Freeport and 45% by Reservoir Minerals. Located in eastern Serbia, the main asset is the Cukaru Peki copper  and goldmine.
• Lundin Mining is a Canadian metal mining company with interests in Chile, the USA, Portugal and Sweden.

Sam Duke - Editor