About Lundin Mining

Lundin Mining Corporation, a diversified Canadian base metals mining company, with operations in Chile, the USA, Portugal, and Sweden. The company primarily produces copper, nickel and zinc. Mining Operations Candelaria Compañia Contractual Minera Candelaria (CCMC) and Compañia Contractual Minera Ojos del Salado (CCMO), collectively Candelaria, are located near Copiapó in the Atacama Province, Region III of Chile. The company holds an indirect 80 percent ownership interest in Candelaria with the remaining 20 percent interest indirectly held by Sumitomo Metal Mining Co., Ltd and Sumitomo Corporation. CCMC consists of an open pit mine and an underground mine, Candelaria Norte, providing copper ore to an on-site processing plant. CCMO consists of two underground mines, Santos and Alcaparrosa, and the Pedro Aguirre Cerda (PAC) processing plant. The primary metal is copper, with gold and silver as by-product metals. Eagle Mine The Eagle Mine consists of the Eagle underground mine, located approximately 55 kilo meters northwest of Marquette, Michigan, U.S.A. The mill has a processing capacity of 0.7 mtpa, producing nickel and copper in concentrates. The primary metal is nickel, with copper, cobalt, gold, and platinum-group metals as by-product metals. Neves-Corvo Mine Neves-Corvo consists of an underground mine and an on-site processing facility, located 100 kilo meters north of Faro, Portugal, in the western part of the Iberian Pyrite Belt. The copper plant has a processing capacity of 2.5 mtpa, producing copper in concentrate, and the zinc plant has a capacity of 1.2 mtpa with the ability to process zinc or copper ore, producing zinc or copper in concentrate. The primary metal is copper, with zinc, lead and silver as by-product metals. Zinkgruvan Mine The Zinkgruvan mine consists of an underground mine and on-site processing facilities, located approximately 250 kilo meters south-west of Stockholm, Sweden. The zinc plant has processing capacity of 1.1 mtpa, producing zinc and lead in concentrate, and the copper plant has capacity of 0.3 mtpa with the ability to process copper or zinc-lead ore, producing copper, or zinc and lead concentrates. The primary metal is zinc, with lead, silver, and copper as by-products. Tenke Fungurume The company holds an effective 24% equity interest in the mine. As of November 2016, China Molybdenum Co., Ltd. became the majority partner and holds an effective 56% interest in the mine. Gecamines, the Congolese state mining company, holds a 20% carried interest in the mine. Tenke Fungurume consists of an open-pit mine and on-site processing facilities located in the southeast region of the Democratic Republic of Congo. Tenke has an annual nominal production capacity of 195 ktpa of copper cathode and 15 ktpa of cobalt in hydroxide. The primary metal is copper, with cobalt as a by-product metal. History The company was founded in 1994. The company was formerly known as South Atlantic Ventures, Ltd. and changed its name to Lundin Mining Corporation in 2004.