Lundin Weighs Strategic Partner for Copper Project in Argentina
- Canadian firm is in talks to finance its project in San Juan
- Chile deal gives Lundin more time to decide Argentina funding
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Lundin Mining Corp. is in talks with prospective partners for a copper deposit in Argentina as the industry battles to meet demand for the wiring metal in the shift away from fossil fuels.
As it seeks financing for the Josemaria project in San Juan province, Lundin could sell a majority stake to a senior mining company or a minority stake to a Japanese trading house, Chief Executive Officer Peter Rockandel said in an interview Tuesday. The Canadian firm is also discussing a streaming deal similar to those at other Lundin mines in South America, he said.