Lundin Plans to Buy Rio Tinto’s Eagle Mine for $325 Million

Mining Weekly reported that Lundin Mining plans to purchase Rio Tinto’s Eagle nickel/copper mine in Michigan for approximately $325 million.

As quoted in the Mining Weekly report:

Lundin CEO Paul Conibear said the acquisition “fitted ideally” within the company’s asset base and was the result of the disciplined approach the company had been focused on for some time to acquire high-quality, advanced-stage assets in low-risk, mining-oriented jurisdictions.

To view the whole Mining Weekly report, click here.