Lundin Mining Company (fkaLMC)

[NYBob]

Lundin Mining Adopts Shareholder Rights Plan and Commences Pursuit of Alternatives to Maximize Shareholder Value
Mar. 29, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --

(TSX:LUN)(OMX:LUMI) Lundin Mining Corporation
("Lundin Mining" or the "Company") today announced
that its Board of Directors has adopted a limited duration
Shareholder Rights Plan (the "Rights Plan") to enable
a full consideration of strategic alternatives.

Commenting on the adoption of the Rights Plan, Mr. Phil Wright, the President and CEO of Lundin Mining said, "This plan has been put in place to ensure that we have adequate time to explore all alternatives to bring value to Lundin shareholders. Our exploration of alternatives starts immediately and we will be actively and aggressively looking for the best value transaction.

"The Rights Plan ensures that we can do this in a considered and structured way and get the best result for our shareholders," Mr. Wright said.

In a previous release earlier today, Lundin Mining announced that it has mutually terminated its proposed merger with Inmet Mining Corporation ("Inmet") and has agreed that Inmet's right to a break fee of $120 million will be preserved in connection with the unsolicited offer of Equinox Minerals Limited ("Equinox").

The Board continues to recommend that shareholders reject the Equinox offer, on its own merits, for the reasons detailed in the Directors' Circular mailed to registered shareholders on March 21, 2011 and available on SEDAR at www.sedar.com.

Commenting on the plans to pursue alternative transactions, Mr. Lukas Lundin, Chairman of Lundin Mining said, "Our hands have been completely tied in defending against the low ball, risky Equinox bid because of the Inmet agreement.

"Having agreed to terminate with Inmet, we can now pursue new alternatives to significantly improve shareholder value and get a proper premium if we do a change of control transaction.

"I am not against selling if it achieves an excellent financial return to shareholders but I will not support selling at bargain prices," Mr. Lundin said.

Scotia Capital, as financial advisors, and Cassels Brock & Blackwell LLP, as legal advisor, will continue to assist the Company in responding to the unsolicited offer announced by Equinox.

The Board will make every effort to maximize value for the benefit of Lundin Mining shareholders and will update shareholders from time to time of its efforts.

Details of the Rights Plan

The Rights Plan is intended to ensure that in the context of the unsolicited take-over proposal for Lundin Mining common shares announced by Equinox, the Board has sufficient time to identify, develop and negotiate alternatives to maximize shareholder value. The Rights Plan also seeks to ensure the fair treatment of shareholders and to provide them with adequate time to properly assess any potential take-over bid without undue pressure.

Prior to the termination of the proposed merger with Inmet, the Company has been subject to customary "no shop" clause obligations under the terms of the arrangement agreement with Inmet which has rendered the Company unable to seek other value enhancing alternatives to Equinox's unsolicited offer.

The Board has authorized the issuance of one right in respect of each common share of the Company outstanding at 5:00 p.m. (Eastern Time) on March 29, 2011 and each share issued thereafter. The rights will become exercisable if a person, together with its affiliates, associates and joint actors, acquires or announces an intention to acquire beneficial ownership of common shares which, when aggregated with its current holdings, total 20% or more of the outstanding common shares of the Company (determined in the manner set out in the Rights Plan). Following the acquisition of 20% or more of the outstanding common shares, each right held by a person other than the acquiring person and its affiliates, associates and joint actors would, upon exercise, entitle the holder to purchase common shares at a substantial discount to the market price of the common shares at that time.

The Board has the discretion to defer the time at which the rights become exercisable (which it has done in respect of the proposed Equinox offer) and to waive the application of the Rights Plan and/or redeem the Rights if the Board determines it is in the best interests of Lundin Mining to do so.

The Rights Plan permits the acquisition of control of Lundin Mining through a "permitted bid", a "competing permitted bid" or a negotiated transaction. A permitted bid is one that, among other things, is made to all holders of common shares for all of their shares, is open for a minimum of 90 days and is subject to an irrevocable minimum tender condition of at least 50% of the common shares held by independent shareholders. The Rights Plan will expire at 5:00 p.m. (Eastern Time) on May 31, 2011.

Although the Rights Plan is effective immediately, it remains subject to acceptance by the Toronto Stock Exchange. A copy of the Rights Plan will be available at www.sedar.com.

The Equinox Offer

The Board recommends to Lundin Mining shareholders that they REJECT the Unsolicited Offer and DO NOT TENDER their Lundin Mining shares for the following reasons:

The Unsolicited Offer is inadequate from a financial point of view to Lundin Mining shareholders;

The pro-forma debt-to-equity ratio of the combined Equinox and Lundin Mining is excessive and will present increased financial risk and a more highly leveraged capital structure than Lundin Mining and peer group companies. In addition, the lenders to Equinox will have considerable influence over the business decisions of a combined Equinox and Lundin Mining;

Substantially all of Equinox's and Lundin Mining's existing cash balances and projected near-term cash flow will be utilized to pay for: lenders' fees; interest charges; and the principal repayments of the debt incurred to fund the cash portion of the consideration payable under the Unsolicited Offer;

The Unsolicited Offer would result in a company with increased exposure to geopolitical risks due to the location of Equinox assets in Zambia and Saudi Arabia;

The Unsolicited Offer is highly opportunistic. Equinox's shares were trading at or near the all-time high share price when Equinox announced the Unsolicited Offer, which followed a news release made earlier in February 2011 on its strategy to expand the Lumwana project. The proposed Lumwana expansion plan is not supported by mineral reserves or mineral resources and is not based on pre-feasibility or feasibility studies. To date the Lumwana mine has significantly under-performed original feasibility study projections disclosed by Equinox;

There are no strategic benefits for Lundin Mining shareholders under the Unsolicited Offer. The acquisition results in a company with high Africa and Middle East concentration and few, if any synergies with Lundin Mining's business.

The Board has reservations about the experience of the management of Equinox to operate a multi-mine company with projects and mines spread across seven countries.

The Unsolicited Offer is highly conditional and has a substantial risk regarding completion without additional compensation for such risk. Conditions are subject to Equinox's lenders discretion resulting in Equinox, in many instances, not being the ultimate decision-maker.

The Unsolicited Offer may be a violation of Section 5 of the U.S. Securities Act of 1933, as amended.

Lundin Mining's directors, officers and certain shareholders have confirmed that they will not tender their Common Shares to the Unsolicited Offer.

Shareholders do not need to take any action in response to Equinox's proposed offer at this time.

About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a development project pipeline which includes an expansion project at its Neves-Corvo mine along with its equity stake in the world class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo.

On Behalf of the Board,

Phil Wright, President and CEO

Forward Looking Statements

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

Lundin Mining Corporation
Investor Relations North America
[phone]



Lundin Mining Corporation
Senior Business Analyst
[phone]
[phone] (FAX)


Lundin Mining Corporation
Investor Relations Sweden
[phone]

http://www.lundinmining.com

[NYBob]

Equinox plays spoiler in $9m Lundin-Inmet friendly merger

http://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=121572&sn=Detail&pid=66

[NYBob]

Lundin CEO Sees ‘Zero Benefits’ in Equinox Hostile Bid
email Email Print Print
Wed, Mar 2, 2011
Other Editorial
Cobalt Researcher

Mineweb reported that Lundin’s CEO Phil Wright had never seriously considered Equinox as a viable partner.

The editorial is quoted as saying:

Lundin has copper lead, zinc and nickels mines in Portugal, Spain, Sweden and Ireland, as well as a 24% stake in the massive Tenke Fungurume copper-cobalt mine in the Democratic Republic of the Congo.

To read the full editorial, click here.
http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=121666&sn=Detail

[NYBob]

Lundin Mining Acknowledges Announcement of Unsolicited Take-Over Bid by Equinox Minerals Limited
TORONTO, ONTARIO--(Marketwire - Feb. 28, 2011) -

Lundin Mining Corporation
("Pounding Mining" or the "Company") (TSX:LUN)(OMX:LUMI) acknowledges that Equinox Minerals Limited ("Equinox") has now issued a news release announcing that it will make an offer to acquire Lundin Mining for approximately C$4.8 billion in cash and shares of Equinox.

The announcement provides that once the offer is commenced that each Lundin Mining shareholder will be able to elect to receive consideration per Lundin Mining common share of either C$8.10 in cash or 1.2903 shares of Equinox plus $0.01 for each Lundin Mining common share, subject to a pro-ration based on a maximum cash consideration of approximately C$2.4 billion and maximum number of shares of Equinox issued of approximately 380 million.

The Lundin Mining Board of Directors is in the process of reviewing and evaluating the announcement with its financial and legal advisors and will communicate a recommendation to Lundin Mining shareholders as soon as possible. The Board of Directors recommends that shareholders defer making any decision until the Board of Directors has had an opportunity to make a recommendation as to the merits of the offer.
Shareholders will be promptly notified of any recommendation by the Board of Directors through a news release and circular in accordance with applicable securities laws.

The Board of Directors will update shareholders from time to time on developments relating to the Equinox offer and the Company's proposed merger with Inmet Mining Corporation to form Symterra Corporation. The arrangement agreement between Lundin Mining and Inmet Mining Corporation will remain in effect unless terminated by either party in accordance with its terms.

About Lundin Mining

Lundin Mining is a diversified base metals mining company with operations in Portugal, Spain and Sweden, producing copper, nickel, lead and zinc.
In addition, Lundin Mining holds a development project pipeline which includes an expansion project at its Neves-Corvo mine along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo.

On Behalf of the Board,

Phil Wright, President and CEO

Forward Looking Statements

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT:

Lundin Mining Corporation
Sophia Shane
Investor Relations North America
[phone]
or
Lundin Mining Corporation
John Miniotis
Senior Business Analyst
[phone]
or
Lundin Mining Corporation
Robert Eriksson
Investor Relations Sweden
[phone]

[Med.rare]

much better move than the 1.20 I was looking for... I took my sell limit order off for 1.20 3 days ago.

[Med.rare]

that is what I am trying to figure out. even if there was just 10 to 20% price descrepancy I would take it in this market. same with wyeth trading at 43.55 and a buyout from PFE valued at 50.19. I like that one more but am always looking.

[ChicagoIllinois]

There's more to it thant that. I don't have the numbers with me but the difference comes from Hudbay having to issue something like 150 million news shares to pay for the deal and reducing considerably the value of its stock (50% or so). So even though the deal is for Lundin shareholder to get 39% (I think) of Hudbay's share, the value of Hudbay's share will something like 50% less by then.

[Med.rare]

so what is missing from this picture...you buy today it is a 50% profit when HUDBAY takes over and if you like thier company hold the shares for further appreciation.

[ChicagoIllinois]

It looks to me like it is a done deal now.

[Med.rare]

Do you think the HudBay deal is still going through? If so, LMC is supposed to be valued at $1.20 US. Some entity on the Canadian Exchange was looking to bust the deal as they felt it was unfavorable to HudBay shareholders. Does anyone now any more on this subject?

[NYBob]

Lundin Mining Corp (NYSE:LMC)
Last Price (USD)
$ 1.04
Change
▲ 0.08 (8.33%)
Bid 1.03
Ask 1.04
Volume 491,721
Day's Range 0.93 - 1.04
Click for Detailed Quote Page
Last Trade:14:50:13 EST Jan-15-09

Lundin Mining Corp Com Npv (TSE:LUN)
Last Price (CAD)
$ 1.29
Change
▲ 0.08 (6.61%)
Bid 1.29
Ask 1.30
Volume 2,779,902
Day's Range 1.16 - 1.30
Click for Detailed Quote Page
Last Trade:14:48:02 EST Jan-15-09

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34219828

Article link

http://www.canada.com/vancouversun/news/business/story.html?id=cea5e361-c892-4193-8637-0fb7649da71f

[NYBob]

HudBay Announces Lundin Mining's Receipt of Interim Order -
Monday December 22, 5:42 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Dec 22, 2008 --

HudBay Minerals Inc. -
(Toronto:HBM.TO - News) ("HudBay") today announced that
Lundin Mining Corporation -
(Toronto:LUN.TO - News)(NYSE:LMC - News)(OMX: LUMI)
("Lundin Mining") has obtained an interim order from
the Ontario Superior Court of Justice (Commercial List)
approving various matters in connection with the special
meeting of Lundin Mining shareholders to consider
the proposed arrangement transaction with HudBay.

Lundin Mining's -
special meeting of shareholders will be held at the Imperial Room at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario, M5J 1E3, on Monday, January 26, 2009 at 10:00 a.m. (Toronto time). Lundin Mining has advised HudBay that, if the proposed arrangement transaction is approved at the special meeting, a final hearing concerning the arrangement will be sought from the Court on or about January 28, 2009. Assuming all other conditions are satisfied or waived, the arrangement is currently expected to close on or about January 28, 2009.

ABOUT HUDBAY MINERALS INC.

HudBay is a leading base metals mining company with assets in North and Central America. The company is investing for the future in one of the most ambitious exploration programs in Canada, targeting its 400,000 hectare exploration territory in the Flin Flon Greenstone Belt. An integrated mining company, HudBay operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the company also produces gold, silver and zinc oxide. HudBay is a member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between HudBay and Lundin and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Lundin will approve the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived.

Many of these assumptions are based on factors and events that are not within the control of HudBay and Lundin and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2007 for each of HudBay and Lundin available at www.sedar.com, and the Annual Report on Form 40-F for the year ended December 31, 2007 of Lundin available at www.sec.gov. Although HudBay and Lundin have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. HudBay and Lundin undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

(HBM-T)


Contact:

Contacts:
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
[phone]
Email: [e-mail]
Website: http://www.hudbayminerals.com


Source: HudBay Minerals Inc.

http://biz.yahoo.com/iw/081222/0462467.html

God Bless

[NYBob]

HudBay Reports Progress in Lundin Acquisition -
Thursday December 11, 9:28 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Dec 11, 2008 --

HudBay Minerals Inc. -
(Toronto:HBM.TO - News) ("HudBay") continues to take steps
to advance its acquisition of
Lundin Mining Corporation -
(Toronto:LUN.TO - News)(NYSE:LMC - News)(OMX: LUMI) ("Lundin").

TSX CONDITIONAL APPROVAL

HudBay received conditional approval on December 10, 2008
from the Toronto Stock Exchange (the "TSX") with respect
to the HudBay shares that will be issued as consideration
in connection with the acquisition of the Lundin shares.
Final approval of the listing of HudBay shares is subject
to the ordinary conditions of the TSX for transactions
of this nature and does not require the approval of
the shareholders of HudBay.

ADDITIONAL STOCK EXCHANGE LISTINGS AND PROGRESS ON PRIVATE PLACEMENT

Consistent with its positioning as a new Canadian leader
in global mining, HudBay has decided to pursue a listing
on a U.S. stock exchange, and is considering listing on
the OMX in Stockholm.
Although HudBay and its shareholders continue to be
well-served by the company's TSX listing, the
company believes additional listings will enhance
liquidity as HudBay grows and better meet the needs
of its international investors.

HudBay expects to complete a listing on a U.S. exchange
in conjunction with the closing of
the Lundin transaction.

Because HudBay has elected to pursue a U.S. listing,
the previously announced private placement may now
be completed in accordance with applicable
U.S. federal securities laws.

As a result, the company intends to close the private
placement in accordance with HudBay's obligations under
its subscription agreement with Lundin, and acquire
96,997,492 common shares of Lundin at a price of
Cdn. $1.40 per share, representing a 19.9% interest
in Lundin.
Accordingly, the previously contemplated loan
transaction with Lundin is no longer necessary.

RESPONSE TO REQUISITIONS FOR SHAREHOLDER MEETING

After carefully considering the requisitions of
Jaguar Financial Corp. -
and another party requesting a shareholder meeting and
after receiving the advice of legal counsel, HudBay's
board of directors has determined that the requisitions
are not valid as they do not satisfy the requirements
of Section 143(1) of the Canada Business Corporations Act
since their signatories were not registered holders of
any shares of HudBay at the time of the request.
HudBay's board of directors confirms that it will call
a meeting of shareholders in accordance with the
provisions of the Canada Business Corporations Act
upon receipt of a valid requisition.

HudBay remains committed to completing the acquisition,
which will provide the company's shareholders
with outstanding producing assets in stable jurisdictions
and excellent development opportunities while preserving
superior balance sheet strength and providing
strong cash flow.

HudBay encourages shareholders to refer to the websites of HudBay
( http://www.hudbayminerals.com )
and Lundin
( http://www.lundinmining.com )
for accurate, factual information about their
respective operations and the proposed acquisition of Lundin.

ABOUT HUDBAY MINERALS INC.

HudBay is a leading base metals mining company with assets in North and Central America. The company is investing for the future in one of the most ambitious exploration programs in Canada, targeting its 400,000 hectare exploration territory in the Flin Flon Greenstone Belt. An integrated mining company, HudBay operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the Company also produces gold, silver and zinc oxide. HudBay is a member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between HudBay and Lundin and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Lundin will approve the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived.

Many of these assumptions are based on factors and events that are not within the control of HudBay and Lundin and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2007 for each of HudBay and Lundin available at www.sedar.com, and the Annual Report on Form 40-F for the year ended December 31, 2007 of Lundin available at www.sec.gov. Although HudBay and Lundin have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. HudBay and Lundin undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

(HBM-G)


Contact:

Contacts:
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
[phone]
Email: [e-mail]
Website:
http://www.hudbayminerals.com


Source: HudBay Minerals Inc.

http://ca.us.biz.yahoo.com/iw/081211/0459712.html

God Bless

[ralfalf]

Article link

http://www.canada.com/vancouversun/news/business/story.html?id=cea5e361-c892-4193-8637-0fb7649da71f

[NYBob]

Prof de la Paz says: It is our responsibility,,,,

http://www.dailypaul.com/node/74438#comment-795739

It is our responsibility, those of us who know now, to be
insufferable pests, and to never let the chance slip by
to spread the word.

I have a habit of carrying silver and gold with me, and when
appropriate, ask vendors if they'd prefer government paper
or real metal.

While real metal is beyond the comfort level of most people,
just raising and repeating the question can spark something
in their minds.

Press on, folks. I may fail miserably in my quest to save the
world, but it won't be because I surrendered.

Oh sure, the occasional strategic withdrawal, but only to
marshall my forces and regather my strength.

The Freedom Formula: Au + Ag + Cu + Pb

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33848745

http://www.jesus-is-savior.com/

http://www.realjewnews.com/

TIA - Pass It Along >>>>>>>>>>>>>>

God Bless us

[NYBob]

LUNDIN MINING CORP(NYSE: LMC)fiat$: 0.86 Up $0.21 (+32.31%)
Trade Time: Nov 26
Change: Up 0.21 (32.31%)
Prev Close: 0.65
Open: 0.68
Bid: N/A
Ask: N/A
1y Target Est: 6.62
Day's Range: 0.65 - 0.91
52wk Range: 0.64 - 10.23
Volume: 1,883,446

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33834317

God Bless

[ralfalf]

Another good volume day on the TSX(LUN), + 17% on 5.7mm shares

[NYBob]

LMC - fast down - fast UP -





its a bargain now -
well, should have sold them -
to buy them back -

http://www.reuters.com/article/marketsNews/idCAN2148511620081121?rpc=44

when fiat$ bucky falling off the cliff -
HBM will FLY UP fib. 162% of the correction -

God Bless

[ralfalf]

I grabbed some on the day of the merger announcement and have sweated out the last couple days. Hoping to see green tomorrow. I think the market might just rally a bit more too, which can only help.

The Motley Fool likes the deal.

"As the full value of this acquisition by Canada's HudBay Minerals comes to light in time, however, I believe that investors' hearts may yet grow larger. Announced at a value of C$800 million ($630 million), HudBay's acquisition of Lundin Mining (NYSE: LMC) -- which creates Canada's second-largest base metal miner after Teck Cominco(NYSE: TCK) -- was reduced to an effective purchase price of just around C$500 million ($400 million) after investors tore into HudBay's shares on Friday."

"Upon completion of the deal, HudBay expects to hold C$900 million ($731 million) in cash. Considering the resources thus acquired, I believe this deal is a steal for HudBay."

Full article here:

http://www.fool.com/investing/dividends-income/2008/11/24/how-the-grinch-stole-lundin.aspx

[NYBob]

UPDATE 4-HudBay agrees to buy Lundin Mining, shares plunge -

http://www.reuters.com/article/marketsNews/idCAN2148511620081121?rpc=44

God Bless

[Med.rare]

I picked up some AUY at 4.20 and KGC at 8.80. Not adding in to LMC at this time.

[Keggo]

I think the hedge funds are mostly going belly up. Now we can go scavenge...

[Med.rare]

Unfortunately we have become deep value investors. I can not believe the pounding of metal and mining stocks the last two days. Hey hedge funds you done dumping????

[Keggo]

Good thoughts, Med. I think you're on the right track. Even if they lose some Congo rights, SP should go up in value when the copper prices rise. I made plenty on LMC and RIO during the last boom in copper increases. I'll take your word on zinc. I also bought some US steel yesterday to cover that sector a little better.

Best of luck!

[Med.rare]

the tumble in zinc prices hurt them, the threat of the DRC taking more ownership in the congo mine hurt them. Copper and an incease in zinc will keep this company earning. The Lundin family owns about 10% of the shares. Always nice to have ownership stake in an investment. $2 going to $4 is a very real possibility, 2 to 6 would be great

[Keggo]

Hope you're right about the value play part, Med. I just bought in to double the LMC shares I owned before the big slide.

Seriously, I don't think there could anything bad enough about this company to negate the value of their tremendous mineral holdings around the world.

[Med.rare]

I agree, either something is not coming to surface or this is one of the greatest value plays of all time.

[Picassa]

UNREAL

Forward P/E (fye 31-Dec-09) 1: 1.96

Price/Book (mrq): 0.25

[Med.rare]

hoping it is here. if zinc prices can hold the bottom of August 12th then LMC should recover nicely. Lot os family ownership in the shares

[Picassa]

Where is the bottom ?

I want to jump in but don't want to buy a falling knife.

[om28v]

quarterlies on aug. 7th

[Med.rare]

good volume and price movement today. This should move up nicely from here. You might want to check out ROY also.

[mrnatural]

This one turned up on my scan this weekend...

[Doug Hauser]

Are you ready, are you ready for this
Are you hanging on the edge of your seat
Out of the doorway the bullets rip
To the sound of the beat

Another one bites the dust
Another one bites the dust
And another one gone, and another one gone
Another one bites the dust
Hey, Im gonna get you too
Another one bites the dust

How do you think Im going to get along,
Without you, when youre gone
You took me for everything that I had,
And kicked me out on my own

Are you happy, are you satisfied
How long can you stand the heat
Out of the doorway the bullets rip
To the sound of the beat

[Doug Hauser]

Well at least we aint in stinkin Zimbabwe. I'd sell rather than support Mugabe. DRC no rose garden but hey better than Z

[Doug Hauser]

Yeah well I have bought shares now tht its so cheap, anything in DRC and so on is politically poison so that a prolem for us but I will continue to add LMC

[Med.rare]

I am surpised at the sell off so far. Their African mine should be worth north of 6 per share by itself.

[Doug Hauser]

Yeah well I got some more this AM at 5.85 so shucks I guess I born right time

[Med.rare]

good entry. this is a company with lots of natural resources

[Doug Hauser]

I made a fortune here last year with that takeover. So I decided to buy some freash today. 6 and 13/100's is px I paid think when I exited last year it was 12 and change.

[Med.rare]

nice to see some one else here...lmc looking good and so are mineral mining companies as a sector

[analogdog]

I'll update a chart.

[analogdog]

Pattern forming.

[analogdog]

Assess the technicals.

[analogdog]

Bottoming out.

[Med.rare]

nice move off of $6.50

[Med.rare]

This stock is going to be a winner imo. good chance at a double.

[Med.rare]

I got filled yesterday at $6.50. I am in and looking ofr a double.

[mcmike]

LMC looking perky

[Doug Hauser]

Oh-ho-ho-ho
Oh-ho-ho-ho
Oh-ho-ho-ho
Oh-ho-ho-ho

Everybody was kung fu fighting
Those cats were fast as lighting
In fact it was a little bit frightning
But they fought with expert timing

There were funky china men
From funky china town
They were choping them up
They were choping them down
It's an ancient chinese art
And everybody knew their part
From a fainting to a snip
And a kick in from the hip

Everybody was kung fu fighting
Those cats were fast as lighting
In fact it was a little bit frightning-hell yes!
But they fought with expert timing

There was funky Billy Chin And little Sammy Chong
He said: Here comes the big boss-where? where?
Let's get it on
He took a vow and made a stand
Started swaying with the hand
Sudden motion made me skip
Now we're into a brand new trip

Everybody was kung fu fighting-huuh!
Those cats were fast as lighting-ha!
In fact it was a little bit frightning-huuh!
But they did it with expert timing-ha!
How? yeah!

Oh-ho-ho-ho-ha!
Oh-ho-ho-ho-ha!
Oh-ho-ho-ho-huuh!
Oh-ho-ho-ho-
Keep on - Keep on-ha!
Sure now

Everybody was kung fu fighting-huuh!
Those kids were fast as lighting-ha!
In fact it was a little bit frightning-huuh!
Make sure you have expert timing-ha!

Oh--ho-ho-ho Kung Fu Fighting
Has fast as lighting

Oh-ho-ho-ho-huuh!
Oh-ho-ho-ho-ha!
Oh-ho-ho-ho-ha
Keep on-Keep on-Keep on
Oh-ho-ho-ho
Yeah-Yeah