Lundin Mining Grabs Stake In Chile’s Candelaria for $1.8 Billion

The Financial Post Reported that Lundin Mining (TSX:LUN) will buy an 80 percent stake in Chile’s Candelaria copper mine from Freeport-McMoRan (NYSE:FCX).

As quoted in the publication:

With this acquisition, Lundin gains considerable scale and immediately becomes a serious player in South America. The company’s copper production more than doubles from its 2013 total, meaning this is a transformative deal.

Click here to read the full Financial Post Article.