Lundin Tenke Stake Gets ‘Good’ Interest From Potential Buyers

Lundin Mining Corp. 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., 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.