Lundin Gets Interest From Potential Buyers of Stake in Congo’s Tenke Mine
By Christopher Donville -
2011-05-11T13:26:54Z
Lundin Mining Corp. (LUN) Chief Executive Officer Phil Wright said the company has “good” interest from potential bidders in its stake in the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo.
Lundin hasn’t talked to Freeport-McMoRan Copper & Gold Inc. (FCX), the majority owner of Tenke, about the sale of the stake, Wright said today on a conference call.
The Tenke stake is of interest to “tier-one” buyers, Wright said. Lundin will provide an update this month on its strategic review, he said.
To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net
To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net
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