Lundin Mining to sell stake in copper mine; Chinese equity firm to buy Tenke Fungurume stake for $1.14 billion

摘要

LUNDIN MINING Corp. announced that it will sell its minority stake in Tenke Fungurume Mining S. A. to a Chinese private-equity firm for $1.14 billion in cash. The sale is a result of Toronto-based Lundin's review of strategic options for its interest in TF Holdings Ltd., the Bermuda holding company that indirectly owns an 80-percent interest in the Tenke copper mine in the Democratic Republic of the Congo.