The Canadian miner has suspended development work at the Alcaparrosa mine in the northern part of the country
copper mine in Chile, forcing the Canadian miner to suspend some development work at the site.
Alcaparrosa is part of Lundin’s Candelaria copper gold and silver complex, which is 80 per cent owned by Lundin and 20 per cent by Japan’s Sumitomo Metal Mining Co., Ltd. Sam Crittenden, analyst with RBC Dominion Securities Inc,. wrote in a note to clients that the suspension of development work could have a modest impact on the mine plan and production over the medium term.
Lundin purchased its stake in Candelaria in 2014 for US$1.8-billion from United States copper major Freeport-McMoRan Inc.Lundin, which producers copper, zinc, gold and nickel, also has operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States.
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