Lundin Mining to acquire Josemaria Resources for $485m.

Lundin Mining, a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States, agreed to acquire Josemaria Resources, a Canadian natural resources company, for $485m. "The acquisition of the Josemaria project complements Lundin Mining’s existing portfolio of high-quality mines and highlights our focus on disciplined copper-focused growth to create long-term shareholder value. Josemaria is a world-class copper-gold project that has many characteristics which makes it the ideal project, at the right time, for Lundin Mining to advance in the next phase of our growth. Building on our strengthened technical expertise, leveraging our financial strength, and drawing on Josemaria Resources’ in-country knowledge, we believe this opportunity will create meaningful value for all stakeholders. The addition of Josemaria will elevate Lundin Mining’s position to a major base metals producer with high-quality, low-cost copper exposure," Peter Rockandel, Lundin President and CEO.