Deals and financing (3)

1. 2024-06-26 · Acquisition · completed · US$350 m

   Lundin Mining Corporation → JX Advanced Metals Corporation · Caserones copper-molybdenum mine

   Lundin Mining exercised its option to buy a further 19% of Caserones owner Lumina Copper from JX Advanced Metals for USD 350 million, taking its stake to 70%.

   official release

2. 2023-12-20 · Acquisition · signed

   Marubeni Corporation → JX Metals Corporation · Minera Los Pelambres (3.27%) and Pan Pacific Copper (20%)

   Marubeni agreed with JX Metals to buy an additional 3.27% of the Los Pelambres copper mine in Chile, raising its stake from 9.21% to 12.48%, and 20% of Japanese copper smelting and marketing company Pan Pacific Copper.

   official release

3. 2023-03-27 · Acquisition · completed · US$950 m

   Lundin Mining Corporation → JX Nippon Mining & Metals Corporation · Caserones copper-molybdenum mine (SCM Minera Lumina Copper Chile)

   Lundin Mining agreed to buy 51% of Caserones owner SCM Minera Lumina Copper Chile from Japan's JX Nippon Mining & Metals for USD 800 million upfront plus USD 150 million deferred over six years, with an option on a further 19% for USD 350 million.

   official release