Lundin Mining to sell stake in Tenke mine owner for $1.14 bln: Reuters
Canada's Lundin Mining Corp said it would sell its indirect stake in TF Holdings Ltd to an affiliate of Chinese private-equity firm BHR Partners for about US$1.14 billion in cash, Reuters reported. Bermuda-based TF Holdings owns an 80 percent interest in Tenke Fungurume Mining SA. Lundin owns an indirect 30 percent stake in TF Holdings, resulting in an effective 24 percent interest in Tenke. Tenke Fungurume, in the southern Congolese copper belt, is one of the world's largest copper deposits.
15 November 2016•2 mins read
