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LUMI - Lundin Mining News Story

SEK98.95 -2.2  -2.1%

Last Trade - 22/04/21

Basic Materials
Large Cap
Market Cap £6.43bn
Enterprise Value £6.84bn
Revenue £1.47bn
Position in Universe 117th / 1829

Lundin Mining forecasts 2021 copper production to jump 25%

Tue 1st December, 2020 12:38am
Nov 30 (Reuters) - Canadian miner Lundin Mining Corp
 LUN.TO  on Monday forecast higher copper production for fiscal
year 2021, mainly driven by better grades at Candelaria in Chile
and uninterrupted full-year contribution from Brazilian mines of
Candelaria and Chapada.
    The outlook comes shortly after a collective agreement was
made with all unions representing employees at the Candelaria
mine who went on strike and suspended operations in October.*:nL4N2ID3K3
    Lundin revised 2020 outlook for Candelaria operations, and
now expects production to come between 120,000 tonnes and
125,000 tonnes, compared with previous forecast of 160,000
tonnes and 175,000 tonnes.*:nPrelg5la(
    The Canadian miner sees 2021 copper production to increase
25% to between 275,000 tonnes and 299,000 tonnes, and added that
zinc production will increase 30% in 2022 as the Neves-Corvo
Zinc Expansion Project in Portugal could complete its ramp-up in
the first half of that year.    

 (Reporting by Arunima Kumar in Bengaluru, Editing by Sherry
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