BHR Partners completed the acquisition of a stake in Tenke Fungurume Mining from Lundin Mining for $1.136bn.

BHR Partners, a Chinese private equity firm, completed the acquisition of a stake in Tenke Fungurume Mining, a copper and cobalt producer in the Democratic Republic of Congo, from Lundin Mining, a Canadian company that owns and operates mines in Sweden, United States, Chile, Portugal, and Brazil that produce base metals such as copper, zinc, and nickel, for $1.136bn. “The completion of the sale of our minority interest in Tenke will enable Lundin Mining to focus on its majority-owned operations and projects and in parallel, advance our strategy to grow the company while maintaining a strong balance sheet. Lundin Mining is proud to have been part of Tenke’s successful record. We wish the shareholders of Tenke every success in the future," Paul Conibear, Lundin Mining President and CEO.