Lundin closes $1.14 bln sale of Tenke mine stake to BHR Partners
Canada's Lundin Mining Corp (TSX: LUN) has closed its sale of an interest in TF Holdings Ltd, through which Lundin owned a 24 percent stake in Tenke Fungurume Mining SA, a copper and cobalt mine in the Democratic Republic of Congo. The buyer, Chinese private equity firm BHR Partners, paid US$1.136 billion in cash for the interest. The deal was announced last November. Lundin, a base metals mining company headquartered in Toronto, said the sale enables a focus on its majority-owned operations and projects, growth of the business, and maintenance of a strong balance sheet.
20 April 2017•3 mins read
