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Me too this blind squirrel buys 11.91 and then 11.97. hah cha cha cha
I just bought more at these levels to go with my purchases in the tens.
To 'DougQuaid' on 'Lundin Mining Company' -
My rule of the thumb is to check out the past -
performance of the companies I invest in -
history repeat itself -
The Charts TA LT and ST TI"s - tells me stay put -
with Lundin Mining -
my fiatzBucky is in good hands --
with Lundins --
http://www.investorshub.com/boards/read_msg.asp?message_id=21143045
http://www.investorshub.com/boards/board.asp?board_id=5744
God Bless you
Preaching to the choir really. Yes I am out of LMC but made lots in it. Took profits it to UXG and SLW so pretty good move. I after Moly a bit now. But still like gold silver etc.
Trying to front run Nat gas but that not working quite yet. And getting hammered today in HAL ouch
To 'DougQuaid' on 'Lundin Mining Company' -
to me its REAL SAFETY on the money -
Hurrah hurrah my fiatz-Bucky still worth some -
critical situations -
when the fiatz currencies going down -
people lose in banksavings, pensions etc. -
bottom line is -
- GOLD Goes UP -
Gold Second wave LT trend started -
of the 5-wave Elliott pattern -
Well Swiss America funds -
on the above chart -
predicting the Gold bullion -
the 2nd Gold LT bull wave -
to go to about $2,750.00/oz -
well I agree that in the past -
when Gold bullion doubled in price -
the major Gold miners often did much better -
and
the share prices did tripled to much higher -
still Gold at $2,750.00 complete the 2nd wave -
but its 5-wave in Elliott pattern -
still 3-wave of LT Gold bull to go -
I try to get more NXG before my fiatzbucky lose it all -
history repeat itself -
We will be back to -
- The Gold Standard -
The GOLD has been the rule and praxis for -
The Real Money -
valuations for 1000s of years -
compared to 36 years by Nixon's rule -
to let the Bucky float free -
without anything backing it more than -
the fiatzpaperz its printed on -
The Gold Standard makes PEACE -
Liberty and Freedom as a 888 rule -
Ron Paul of Texas - The End of Dollar Hegemony -
HON. RON PAUL OF TEXAS Before the U.S. House of Representatives February ...
http://video.google.com/videoplay?docid=-8327695139643041382&q=Ron+Paul+goldstandard&total=8....
http://tinyurl.com/2fmyd5
Imo. Tia.
God Bless -
Gud Välsigna oss -
Ps.
Its a problem with fiatz we know -
we don't no know when all fiatz will be hit? -
but when it start -
EX.
With inflation at officially more than 3,700%
(some economists put it as high as 9,000%),
supermarkets are unwilling to comply,
so a price-control unit has been trying -
to enforce it -
http://news.bbc.co.uk/2/hi/africa/6268784.stm
Welcome DougQuaid - Longs -
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23692393
Tell you what I got my rally cap on. Lets see how long they can keep LMC under pressure I think it trades back up by EOD. LMC get back over 12.20 then Katy bar the door
NY Bob UXG has been a good gold this week for me. FYI. In particular since I loaded up at 5.01 on Weds.
NY Bob thx amd really No Problem I like LMC especially at 12 USD level.
Tenke Invitation to Special Meeting of Shareholders
VANCOUVER, BRITISH COLUMBIA, Jun 15, 2007 (CCNMatthews via COMTEX) -- Tenke Mining Corp. ("Tenke" or the "Company") (CA:TNK: news, chart, profile) would like to cordially invite all to attend the Company's Special Meeting of Shareholders to be held in Vancouver on June 18, 2007 at 10:00 a.m. PST.
Location: Four Seasons Hotel - Oak Room
791 West Georgia Street
Vancouver, B.C.
At the meeting, shareholders will be asked to consider and, if thought fit, to pass a special resolution approving the previously announced proposed arrangement among Tenke, Lundin Mining Corporation ("Lundin Mining") and Suramina Resources Inc. ("Suramina") which involves the conveyance by Tenke to Suramina of its South American assets and cash in the amount of US $5 million, the distribution of Suramina shares to holders of Tenke shares on a one for one basis, the exchange of Tenke shares for Lundin Mining shares on the basis of 1.73 Lundin Mining shares and Cdn $0.001 for each Tenke share, all as more fully set forth in the previously mailed information circular (also available on www.sedar.com).
On behalf of the Board,
Paul Conibear, President and CEO
SOURCE: Tenke Mining Corp.
To 'DougQuaid' on 'Lundin Mining Company' -
thanks that positive -
Lundin Mining -
has a very good support from EURO's
stock exchanges -
were the nss666evilz have less power -
and Ex. spec. from -
LUNDIN MINING SDR (Stockholm:LUMI.ST)
http://finance.yahoo.com/q?s=LUMI.ST
its not many mining companies in the old country -
Lundin has excellent properties all over the world -
well, its very good for the PPS LT -
GO LMC -
http://www.investorshub.com/boards/board.asp?board_id=7094
http://www.investorshub.com/boards/board.asp?board_id=5744
http://www.siliconinvestor.com/subject.aspx?subjectid=57066&ref=IH
http://www.siliconinvestor.com/subject.aspx?subjectid=56926
Whoa nellie they buying her up now I say she may go out another dime higher and open Monday back over 12.
These Swedes are slightly stupid at times 3.90 an ounce not that great even with SST shares thrown in. O well to this too. But rather be in base metals than PM with Fed squeezing. I am sorta a trader so never really get boxed in anywhere but really thought LMC was going to run a bit better than it has.
Lundin Mining to Sell Silver Production From Its
Portuguese Mines to Silverstone
(TSX: LUN)(SSE: LUMI)(AMEX: LMC)
June 6, 2007 - 2:30 AM EDT
Lundin Mining Corporation
("Lundin Mining" or the "Company") is pleased to announce
that the Company has entered into an agreement with
Silverstone Resources Corp.
("Silverstone") (TSX VENTURE: SST) to deliver silver
production from its Neves-Corvo and Aljustrel mines
to Silverstone.
The agreement is subject to regulatory approval.
http://app.quotemedia.com/quotetools/popups/story.jsp
http://www.investorshub.com/boards/board.asp?board_id=7094
http://www.investorshub.com/boards/board.asp?board_id=5744
http://www.siliconinvestor.com/subject.aspx?subjectid=57066&ref=IH
http://www.siliconinvestor.com/subject.aspx?subjectid=56926
LOL NY Bob I read that the moment it came out last week O well. Now Monday 11th is the final day. If it was me and I had not 2/3rd shares in poceket I sell em off and I walk away. There are other small juniors in nickle biz I'd be able to snatch up easy at these recent bargain prices like First Nickle etc.
Peabody and Rentech Enter Into Development and Coal Supply
Agreements and Lundin Mining Announces Extension of Bid
for Rio Narcea Gold Mines, Ltd.
May 30, 2007 - 9:30 AM EDT
Industrial Metals & Minerals industry alert provided by U.S.
Equity News.
Peabody Energy
(NYSE: BTU) recently announced it has entered into agreements
with Rentech, Inc.
(Amex: RTK) to fund up to $10 million of engineering and
development costs for Rentech's planned coal-to-liquids
project in Illinois and to supply the facility with nearly
1 million tons of coal annually.
As part of the agreement, Peabody has an option to acquire a
20 percent equity interest in the project through
increased funding.
http://app.quotemedia.com/quotetools/popups/story.jsp
http://www.investorshub.com/boards/board.asp?board_id=7094
http://www.investorshub.com/boards/board.asp?board_id=5744
http://www.siliconinvestor.com/subject.aspx?subjectid=57066&ref=IH
Its all good now. I think I like this one.
OK I will pony up now with the px at a great level. This is no limbo class.
Tell yah what i am selling out here and now in advance of earnings. Of course leave a bit in port but mainly heading for the hills. But I'll be back
Man if you are nimble and can handle risk this one is tradeable. Wow she fell outa bed and presented a buy opp again today.
Oh yes tender date is 27 May, and I hope deal is consumated as drawn up. Its really good time to load up here with the base metals just on a tear.
Doug,
In my opinion, if Rio Narcea's shareholders don't take the $5 offer, then Lundin will up it. Lundin really wants those minerals and I think that management has the intelligence & the $$ to make it happen. Again,that is just my opinion though.
We should hear whether or not they get the deal by the end of this month I believe.
Some say LMC botched the bid on RNO. I know not the details but the trading is all over the lot so keeps you attentive.
To 'SeriousStockStoke' on 'Lundin Mining Company' -
well been in it a long time -
since broker asked who Adolf Lundin is -
next day Adolf left the broker with a
million - that started it -
Tia
btw.
yes still keeping ggg/gle -
don't selling Au for fiatpeanuts.
Bob,
Wow, if you've been here for awhile then you've made some money!!! Always like talking to people who have been in on a good company from the beginning. It must have been real nice getting that 3 for one stock split? I remember you from the GLENCAIRN board. That one I gave up on because of the way the institutional funds were looking at it and I figured it would take awhile before they were able to better their net margin.
Anyway, it appears that LMC is bouncing nicely off of that washout on the chart the other day. I'm not much of a chart person myself, I'm better at seeking value. Anyway, have a good one.
Serious
To 'SeriousStockStoke' on 'Lundin Mining Company' -
I got this when it was South Atlantic -
before name change right from the beginning -
would never sell LUN for any fiats666fraudz -
Corrupt Federal Reserve - National Debt is a Scam -
Bank video you must see -
Not many posts here. Why not?
This is a company I have been buying incrementally for the past two weeks. They've got an impressive balance sheet, good growth potential, and even better, no real analyst coverage yet besides UBS. This stock needed a rest after the recent run it had from $10 Looking foward to the Q1 conference call & the quarters to follow.
I'm so stoked that there is a message board for this company.
All joshing aside this investment is a solid one. Zinc and nickle and copper are well bid so you can buy this as if a base metal future long with cars to deliver at knock out prices. The last weeks slump in sp is just a shake out of sorts its clear to me
A preachment, dear friend
You are about to receive on John Barleycorn
Nicotine and the temptations of Eve
No parkin' by the sewer sign
Hot dog, my razors broke
Water drippin' up the spout
But I dont care, let it all hang out
Hangin' from a pine tree by my knees
Sun is shinin' through the shade
Nobody knows what its all about
It's too much, man, let it all hang out
Saw a man walkin' upside down
My T.V.s on the blink
Made Galileo look like a Boy Scout
Sorry 'bout that, let it all hang out
Sleep all day, drive all night
Brain my numb, can't stop now
For sure ain't no doubt
Keep an open mind, let it all hang out
It's rainin' inside a big brown moon
How does that mess you baby up, leg
Eatin' a Reuben sandwich with sauerkraut
Don't stop now, baby, let it all hang out
Let it all hang out
Let it all hang out
Let it all hang out
Swing low, sweet chariot
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
I looked over Jordan and what did I see
Comin' for to carry me home
A band of angels comin' after me
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
If you get to heaven before I do
Comin' for to carry me home
Tell all my friends I'm comin' there too
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
I'm sometimes up and sometimes down
Comin' for to carry me home
But still I know I'm heavenly (freedom) bound
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
If I get there before you do
Comin' for to carry me home
I'll cut a hole and pull you through
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
Swing low, sweet chariot
Comin' for to carry me home
O yes how can I be so negligent before RNO I owned EZM. So really I am doubly blessed or maybe now triply. but the big money shot was RNO the dreamboat.
Rang dang do. yes all I want is my rang dang do. had to get out of RNO on account of this one so now I own this one.
CNBC interview with Karl-Axel Waplan -
January 9, 2007
Videos
Click here to watch interview -
http://tinyurl.com/25jhjq
http://www.exin.tv/mini/cplayer2.html?2,09-Jan-07,Lundin%20Mining,COO%20Karl-Axel%20Waplan,1849-5,1
Press Release Source: Lundin Mining Corporation
Lundin Mining Provides Update on Neves-Corvo Zinc Operations
Wednesday January 24, 10:01 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 24, 2007 -- (TSX:LUN.TO - News) (AMEX:LMC - News) (Shenzhen:LUMI.SZ - News) Lundin Mining Corporation ("Lundin Mining" or "the Company") is pleased to announce that its zinc processing facility at the Neves-Corvo operations in Portugal is now operating at the designed production and metallurgical performance levels, just 5 months from the commissioning date. Joao Carrelo, Executive Vice-President and Chief Operating Officer for Iberian Operations, said "The zinc plant has consistently performed at the designed production rate with the recovery of zinc metal into concentrate exceeding 80%, at the targeted zinc concentrate grade of approximately 50%, since December 5th, 2006. This is substantially ahead of the typical 12 to 18 month ramp-up time for similar base metal process plants around the world and is attributable to the hard work of the employees at the plant and the metallurgical consultants who assisted us on the project."
Zinc production at the Neves-Corvo mine came in slightly earlier than planned in July of 2006, and the mine is forecast to produce 25,000 tonnes of zinc metal in concentrate for 2007. Mr. Carrelo also added that, "We are at present completing the design and engineering requirements to increase annual zinc production to 50,000 tonnes of zinc metal and will be selecting an engineering firm the week of the 23rd of January to review opportunities to expand production even further. The new reserves and resources of the zinc rich zones in Neves-Corvo will be published shortly, however, it is safe to say that the information to date supports considering a substantial increase to the zinc production at Neves-Corvo while maintaining and/or increasing the output of copper at the mine."
Lundin Mining is a rapidly growing, mid-tier mining company engaged in the acquisition, exploration, development and mining of base metal deposits internationally. In addition to the Neves-Corvo mine in Portugal, the Company operates the Zinkgruvan and Storliden mines in Sweden and the Galmoy mine in Ireland.
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 companies' 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 and zinc; that the companies can access financing, appropriate equipment and sufficient labour and that the political environment where the Companies operate 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.
Contact:
Contacts:
Lundin Mining Corporation
Catarina Ihre
Investor Relations
+46-70-607-9263
Lundin Mining Corporation
Sophia Shane
Investor Relations
(604) 689-7842
Lundin Mining Corporation
Ron Ewing
Vice-President
(604) 681-1337
Website: http://www.lundinmining.com
--------------------------------------------------------------------------------
Source: Lundin Mining Corporation
Press Release Source: Lundin Mining Corporation
Lundin Mining Declares a Three-For-One Stock Split
Monday January 22, 2:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 22, 2007 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN.TO - News)(AMEX:LMC - News)(Shenzhen:LUMI.SZ - News) announced today that its Board of Directors has declared a three-for-one split of its common shares.
The stock split was approved by the Company's shareholders at the special meeting of shareholders held on October 19, 2006 and by the Company's board of directors on December 14, 2006. Management believes there has been limited liquidity in the common shares of the Company and that the subdivision will create a larger public float and hence greater liquidity.
The three-for-one stock split is payable on February 8, 2007 to shareholders of record at the close of business on February 5, 2007, granting all shareholders two additional common shares for every common share of the Company held. On or about February 8, 2007, Lundin Mining's transfer agent and registrar will mail share certificates corresponding to the new common shares. Previously issued share certificates should be retained by shareholders and not returned to the Company or the transfer agent and registrar. The Company has approximately 95 million shares outstanding. Upon completion of the split, the Company will have approximately 285 million shares outstanding.
Subject to final regulatory approval, the common shares will start trading on a subdivided basis on the Toronto Stock Exchange as of market open on February 1, 2007 and on the American Stock Exchange as of market open on February 9, 2007. Shareholders of record who wish to sell shares on the American Stock Exchange prior to the ex - distribution date of February 9, 2007, and still wish to be entitled to receive the additional shares may do so through the ex - distribution market on the American Stock Exchange under the symbol LMC.WD.
Subject to final regulatory approval, the Swedish depository receipts will start trading on a subdivided basis on the Stockholm Stock Exchange as of market open on February 1, 2007. From January 22, 2007 to February 5, 2007, holders will not be permitted to convert common shares into Swedish depository receipts or Swedish depository receipts into common shares.
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 companies' 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 and zinc; that the companies can access financing, appropriate equipment and sufficient labour and that the political environment where the Companies operate 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.
Contact:
Contacts:
Lundin Mining Corporation
Colin K. Benner
Vice Chairman & CEO
(604) 681-1337
Lundin Mining Corporation
Ron Ewing
Vice President
(604) 681-1337
Lundin Mining Corporation
Catarina Ihre
Investor Relations
+ 46 70 607 9263
Website: http://www.lundinmining.com
--------------------------------------------------------------------------------
Source: Lundin Mining Corporation
What is going to happen to copper next 3 months?
Press Release Source: Lundin Mining Corporation
Lundin Mining Makes Strategic Investment in Sanu Resources
Wednesday January 3, 2:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 3, 2007 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN.TO - News)(AMEX:LMC - News)(Shenzhen:LUMI.SZ - News) is pleased to announce that, subject to regulatory approval, it has entered into a financing arrangement with Sanu Resources Ltd. ("Sanu"). Sanu is a publicly traded mining company listed on the TSX Venture Exchange (TSX VENTURE:SNU.V - News), pursuant to which Lundin Mining has subscribed for 4,000,000 units of Sanu, at a price of Cdn. $0.65 per unit, by way of a non-brokered private placement, for an investment of Cdn. $2,600,000.
As announced by Sanu on December 27, 2006, each unit of the private placement consists of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share of Sanu for a period of two years at a purchase price of $0.90 each. The shares, including any shares issued on exercise of the warrants, will be subject to restrictions on trading for a period of four months from closing. The proceeds of the private placement will be used by Sanu to continue exploration on its property portfolio and general working capital. Upon the completion of the private placement, Lundin Mining will hold just under 14% of the common shares of Sanu, and approximately 24% if it exercises its warrants, making it Sanu's largest shareholder.
Sanu Resources Ltd.
Sanu is a mineral exploration company focused on the acquisition, exploration and discovery of world-class base metal and gold deposits in Africa and is currently exploring in Eritrea, Burkina Faso and Morocco. Sanu's exploration programs have been managed by geologists Dr. Demetrius Pohl and Dr. Steven Olson. Dr. Pohl has spent 17 of his 37 years of gold and base-metal exploration experience on the African Continent, and Dr. Olson has worked on greenstone gold projects in California, West Africa and Saudi Arabia and was involved in the discoveries of the Golden Pride deposit in Tanzania and the Tongon deposit in Ivory Coast.
Property Profile
The geology of Eritrea offers a unique opportunity for discoveries of greenstone volcanic-hosted massive sulfide and shear-hosted gold deposits. The polymetallic volcanic-hosted massive sulfide ("VHMS") occurrences in the highlands around the capital of Asmara include the Emba Derho discovery by Sunridge Gold Corporation (TSX VENTURE:SGC.V - News), a company in which Lundin Mining holds a 17.3% ownership interest. A recently discovered VHMS province in the western lowlands of Eritrea is the site of the Bisha and Harena deposits owned by Nevsun Resources Ltd. (TSX:NSU.TO - News)(AMEX:NSU - News) and a new discovery, Hambok, by Sanu. These discoveries support the significant potential of Eritrea.
Sanu is the largest exploration landholder in Eritrea with current exploration licenses totaling over 2600 sq. km.
Hambok Discovery
Lundin Mining is excited about the recent discovery by Sanu of the Hambok copper-zinc VHMS deposit on its Mogoraib River License in western Eritrea. Hambok is located approximately 15 km southwest of Nevsun's Bisha deposit and is the most recent major VHMS discovery in this emerging prolific polymetallic belt.
Hambok was discovered from ground follow-up work of regional anomalies identified by Landsat imagery analysis and reconnaissance soil sampling. A siliceous breccia and gossan marks the location of the outcropping mineralization. A strong electromagnetic conductor that is subjacent to a strong gravity anomaly geophysically marks the deposit. To date, a total of 7,382 metres in 43 diamond drill holes has been completed and has confirmed that the massive sulfide mineralization thickens (up to 76 metres) downdip. Massive sulfide mineralization has now been intersected over 1,050 metres of strike length and 300 metres down-dip and remains open in all directions. Indications are that the thicker sections of the massive sulfide system (greater than 50 metres) appear to lie in a zone 500 metres in length that contains higher grades of copper and zinc including the following intercepts:
- HAM-006: 11 metres grading 7.4% Zn and 0.8% Cu
- HAM-022: 8 metres grading 6.2% Zn and 1.2% Cu
- HAM-045: 14 metres grading 7.5% Zn and 1.2% Cu
Hambok has the potential to become a significant copper-zinc deposit, as less than half of the gravity anomaly has been drill tested. The Hambok anomaly is only one of an extensive trend of gravity anomalies that coincide with favorable geology indicating excellent potential for the discovery of additional massive sulfide deposits. Sanu has also made other early-stage discoveries of VHMS-type mineralization, including the Ashelli prospect, located 8 km southwest of Hambok, which has a gold oxide cap that is underlain by anomalous copper-zinc sulfide mineralization.
Neil O'Brien, Vice President of Exploration for Lundin Mining, commented, "This strategic investment in Sanu allows us to participate in the exploration and advancement of exciting new discoveries located within an emerging premier polymetallic massive sulfide belt in western Eritrea in addition to properties in Burkina Faso and Morocco that hold excellent upside discovery potential. I am especially impressed with the quality and success of the African exploration team that Sanu has assembled. With Lundin Mining's support, we are confident that Sanu will make many more discoveries in Africa."
Dr. Demetrius Pohl, a Qualified Person as defined by National Instrument 43-101 and Vice President of Exploration for the Company, has reviewed and verified the technical information contained in this news release.
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 companies' 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 and zinc; that the companies can access financing, appropriate equipment and sufficient labour and that the political environment where the Companies operate 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.
Contact:
Contacts:
Lundin Mining Corporation
Colin K. Benner
Vice Chairman & CEO
(604) 681-1337
Lundin Mining Corporation
Ron Ewing
Vice President
(604) 681-1337
Lundin Mining Corporation
Catarina Ihre
Investor Relations
+ 46 70 607 9263
Lundin Mining Corporation
Neil O'Brien
Vice President of Exploration
+ 46 70 233 55 54
Website: http://www.lundinmining.com
--------------------------------------------------------------------------------
Source: Lundin Mining Corporation
Press Release Source: Lundin Mining Corporation
Lundin Mining Reports Purported Termination of Union Resources' Agreements on Mehdiabad Zinc Project
Friday December 8, 8:22 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 8, 2006 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN.TO - News)(AMEX:LMC - News)(Shenzhen:LUMI.SZ - News) has been informed by Union Resources Limited ("Union") that Union has received a letter from its Iranian Government partner, Iranian Mines and Mining Industries Development and Renovation Organization ("IMIDRO"), purporting to terminate certain agreements relating to the Mehdiabad zinc project. The agreements include:
1. Formation Agreement dated October 30, 1999
2. Basic Agreement dated November 22, 1999
3. Management Agreement dated January 17, 2001
4. Engineering Services Agreement dated January 17, 2001
The full text of Union's press release can be found at www.unionresources.com.au and includes the following statement by Union:
"Union is of the opinion that IMIDRO has invalidly issued the purported notice of termination and the board of Union is taking urgent steps to clarify and resolve the situation and ascertain the impact of the letter on Union's investment in the Project.
Union is further of the opinion that the Company has complied with all of its obligations under the Foundation Agreement, the Basic Agreement and the Management Agreement, and that no basis exists for termination. Whilst Union is a signatory to the Engineering Services Agreement, it relates to work carried out on the Project by the other partner to the Joint Venture, Itok GmbH."
In August 2005 Lundin Mining acquired a 19.9% interest in Union, a publicly traded Australian mining company, for a total consideration of approximately US$ 4.4 million. Union's main asset is a 38% ownership in the zinc-lead deposit Mehdiabad in Iran. The Iranian State owns 50% of the Mehdiabad project and Itok the balancing 12%. Lundin Mining will continue to monitor the development in the Mehdiabad project. Although the deposit is of size, Lundin Mining holds a relatively small, indirect, interest in the project and does not consider that the possible termination of the agreement between Union and IMIDRO to be material.
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 companies' 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 and zinc; that the companies can access financing, appropriate equipment and sufficient labour and that the political environment where the Companies operate 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.
Contact:
Contacts:
Lundin Mining Corporation
Catarina Ihre
Investor Relations
+4670-607-9263
Lundin Mining Corporation
Ron Ewing
Investor Relations, North America
(604) 681-1337
Lundin Mining Corporation
Sophia Shane
Investor Relations
(604) 689-7842
--------------------------------------------------------------------------------
Source: Lundin Mining Corporation
OT: MMG news on drill results, any thoughts?...
http://www.investorshub.com/boards/read_msg_ig.asp?message_id=15078623
Lundin Mining Invests in Mantle Resources Through a Private Placement
Friday November 24, 10:53 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 24, 2006 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN.TO - News)(AMEX:LMC - News)(Shenzhen:LUMI.SZ - News) is pleased to announce that, subject to regulatory approval, it has entered into a financing arrangement with Mantle Resources Inc. ("Mantle"), a publicly traded mining company listed on Tier 1 of the TSX Venture Exchange (TSX VENTURE:MTS.V - News), pursuant to which Lundin Mining will subscribe for 3,685,000 units of Mantle by way of a non-brokered private placement at a price of Cdn $0.78 per unit for an investment of Cdn $2,874,300.
ADVERTISEMENT
Each unit will consist of one common share of Mantle and one common share purchase warrant. Each warrant will be exercisable into one additional common share of Mantle at a price of $0.78 for a period of two years from the closing of the private placement. Upon the completion of the private placement, Lundin Mining will hold just under 10 per cent of the common shares of Mantle. The securities in the units will be subject to a four-month hold period from the date of closing.
Over the past year, Mantle has been exclusively focusing on exploring the Akie zinc-lead property located in northeastern British Columbia. The Akie property comprises a total of 256 claim units, in 22 contiguous mineral claims encompassing some 5,400 hectares, situated in the Omineca Mining Division of British Columbia. The Cirque deposit (Teck Cominco / South Korea Zinc), with a historical resource estimate in excess of 40 million tonnes grading 7.8% zinc, 2.2% lead and 48 grams silver/tonne, is some 20 kilometers to the northwest of the Akie property and is located in a similar geological setting. Pursuant to an option agreement with Ecstall Mining Corporation, a public junior exploration company, Mantle is earning a 65% interest in the Akie property.
Some of the highlights of the drilling programs conducted by Mantle over the past 12 months include:
- A-05-30: 37.05 meters grading 10.98% zinc, 2.61% lead and 21.2 g/t silver (including 17.93 meters of 17.22% zinc, 4.20% lead and 30.1 g/t silver);
- A-05-32: 26.70 meters grading 11.95% zinc, 2.74% lead and 22 g/t silver (including 11.5 meters of 16.16% zinc, 3.95% lead and 29 g/t silver);
- A-05-33: 19.2 meters grading 8.71% zinc, 1.83% lead and 16.01 g/t silver (including 11.5 meters of 9.81% zinc, 2.20% lead and 18.54 g/t silver)
- The true width of the mineralization reported above is estimated to be 72% of the core interval and is subject to revision.
- A-06-35: 21.90 meters grading 8.88% zinc, 1.80% lead and 15.6 g/t silver (including 10.10 meters of 11.06% zinc, 2.52% lead and 21.3 g/t silver)
- The true width of the mineralization reported above is estimated to be 60% of the core interval and is subject to revision.
- A-06-37A: 25.50 meters grading 8.45% zinc, 1.74% lead and 14.6 g/t silver (including 9.30 meters of 10.35% zinc, 2.25% lead and 17.3 g/t silver)
- A-06-38: 19.40 meters grading 8.27% zinc, 1.45% lead and 9.72 g/t silver (including 13.85 meters of 8.99% zinc, 1.68% lead and 10.67 g/t silver).
- The true width of the mineralization reported above is estimated to be 84 per cent of the core interval and is subject to revision.
Exploration completed to date indicates that the Akie mineralized zone extends over a distance, on a vertical longitudinal section, of at least 640 meters, has a dip extent in excess of 200 meters, and is open for extension along strike and down dip.
Mantle has also recently acquired 100% interest in certain mineral claims located in the Mt. Alcock area of northeastern British Columbia, within the Omineca Mining Division, encompassing a total of approximately 8,400 hectares. The Cirque deposit and the Akie deposit are located approximately 22 km and 45 km to the southeast, respectively, from the Mt. Alcock property.
Neil O'Brien, Vice President of Exploration for Lundin Mining, commented, "This investment gives us an opportunity, through Mantle, to participate in the exploration and advancement of properties that hold very exciting potential and which are located within an emerging premier zinc-lead district - namely the highly prospective Gunsteel shale formation in the regionally extensive, world-class Kechika trough sedex zinc basin of northern British Columbia."
John R. Fraser, PGeo (B.C.), is the qualified person responsible for the technical information contained in this release. Mr. Fraser is a director of Mantle.
Lundin Mining was recently merged with EuroZinc Mining Corporation to form a rapidly growing, mid-tier mining company engaged in the acquisition, exploration, development and mining of base metal deposits internationally. The company operates the Neves-Corvo mine in Portugal, the Zinkgruvan and Storliden mines in Sweden and the Galmoy mine in Ireland. The company's exploration portfolio is extensive and includes interests in international ventures and development projects. Lundin Mining has its head office in Vancouver, Canada, and its executive management team in Stockholm, Sweden.
http://biz.yahoo.com/iw/061124/0188069.html
Lundin Mining Finalizes Acquisition of 49% Interest in Ozernoe Zinc/Lead Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2006) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(AMEX:LMC)(SSE:LUMI) is pleased to announce that its wholly-owned subsidiary, Lundin Mining AB, has finalized the acquisition of a 49% interest in the Ozernoe project, a major zinc/lead deposit located in the Republic of Buryatia in the Russian Federation. Lundin Mining's consideration for its 49% interest is US$125 million. A preliminary assessment of the project contemplates construction of an open pit mining operation with indicated resources estimated to be 157 million tonnes grading 5.2% zinc and 1.0% lead.
A joint venture company has been formed and is held 49% by Lundin Mining and 51% by Metropol. The activities of the company are governed by a shareholders' agreement. The JV will develop Ozernoe Zinc deposit and operate the mine. Lundin Mining's US$125 million payment comprises US$2 million, paid to secure negotiation exclusivity on the project, and US$113 million paid upon closing of the transaction, of which US$10 million will be used for costs incurred after signing the LOI in May, 2006 for a bankable feasibility study. The remaining US$10 million is payable after the project has gone into commercial production. The final purchase price is subject to an adjustment based on recoverable zinc metal from the JORC Code resources confirmed by the bankable feasibility study.
Lundin Mining has overall management responsibility for the project, including development, construction and operation of the mine once completed. The preliminary capital expenditure for the project is US$400 million, as estimated in the prefeasibility study. Lundin Mining will be responsible for arranging project financing in an amount equal to 60% of the cash required to put the project into commercial production, with the remaining 40% injected as equity by Lundin Mining and Metropol on a pro rata basis.
Mr. Leif Engstrom has been appointed General Director for the Ozernoe project. Mr. Engstrom has extensive international experience in the mining industry in project development, having worked the last 30 years with projects in the Middle East, Africa and Europe. Mr. Goran Arlefalk has been appointed Deputy General Director and also has extensive international experience as a consultant and project manager. Mr. Valentin Buhov has been appointed Chief Geologist. Mr. Buhov is a geological engineering graduate of the University of Mining & Geology in Sophia, Bulgaria and has more than 13 years international experience, including his most recent role as Chief Geologist for Ivanhoe-Hereward Bulgaria EAD.
Currently there are three drill rigs carrying out an in-fill resource definition program. The Environmental Impact Study is presently underway, and camp construction and road improvements have begun. "Closing the acquisition of Ozernoe is an important step in our work to develop the deposit into a major mine. We have also been successful in recruiting a strong and experienced management team that will lead the project. The next step is to plan for the bankable feasibility study before the actual construction of the mine will begin," commented Karl-Axel Waplan, President and COO of Lundin Mining.
Colin K. Benner, Vice Chairman and CEO of Lundin Mining, said, "We are excited about the Ozernoe project and the value it adds to the shareholders of our newly merged company. It is a world class zinc deposit that will become a world class zinc mining operation under the leadership of Karl-Axel and our new managers. We are equally excited about this entry into Russia as it holds great promise for the future growth of Lundin Mining."
Lundin Mining was recently merged with EuroZinc Mining Corporation to form a rapidly growing, mid-tier mining company engaged in the acquisition, exploration, development and mining of base metal deposits internationally. The company operates the Neves-Corvo mine in Portugal, the Zinkgruvan and Storliden mines in Sweden and the Galmoy mine in Ireland. The company's exploration portfolio is extensive and includes interests in international ventures and development projects. Lundin Mining has its head office in Vancouver, Canada, and its executive management team in Stockholm, Sweden.
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 companies' 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 and zinc; that the companies can access financing, appropriate equipment and sufficient labour and that the political environment where the Companies operate 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.
CONTACT INFORMATION
Lundin Mining Corporation
Colin K. Benner
Vice Chairman & CEO
(604) 681-1337
or
Lundin Mining Corporation
Karl-Axel Waplan
President & COO
+46-705-10 42 39
or
Lundin Mining Corporation
Ron Ewing
Vice President
(604) 681-1337
or
Lundin Mining Corporation
Catarina Ihre
Manager, Investor Relations
+46 70 607 92 63
or
Lundin Mining Corporation
Sophia Shane
Investor Relations
(604) 689-7842
Fax: (604) 689-4250
Website: www.lundinmining.com
Lundin Mining Profits Triple to $30.7M
Thursday November 9, 11:21 am ET
High Metal Prices Triple Lundin Mining Profits to $30.7 Million in 3rd Quarter
VANCOUVER, British Columbia (AP) -- Lundin Mining Corp. reported Thursday a tripling of third-quarter profit to $30.7 million from $9.6 million a year-earlier, as the metals miner's sales doubled on strong zinc prices.
The company's net income amounted to 75 cents per share, compared with a year-ago 24 cents per share.
Lundin, which reports results in U.S. dollars, said sales during the three months ended Sept. 30 surged to $98.9 million from $48.7 million.
On Oct. 31, Lundin completed a merger with EuroZinc Mining Corp., creating a company with a stock market value of $3.4 billion.
In its last quarter reporting as a separate company, EuroZinc said Thursday its net earnings grew by 153 percent year-over-year to $64 million, or 11 cents per share.
Edit....zinc hit $2.08 today, start saving your pennys [99%zinc]
Random musings: If you want a minerals play, look at Lundin Mining (LMC - commentary - Cramer's Take). I believe that's the best play here because it's copper and zinc. Nothing like it.Another $50 stock in the making.
snipped from crazy cramer
Lundin Mining to Release Third Quarter Results, Thursday, November 9, 2006
Tuesday November 7, 5:00 am ET
Telephone Conference to be held on November 9 at 11:00 AM EST, 17:00 CET, 08:00 AM PST
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 7, 2006 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN.TO - News)(AMEX:LMC - News)(Shenzhen:LUMI.SZ - News) announces that the interim reports for Lundin Mining and EuroZinc Mining Corporation ("EuroZinc") for the first 9 months and the third quarter of the financial year 2006 will be published prior to the opening of trading on November 9, 2006.
The Company will hold a telephone conference with an interactive presentation at 17:00 CET (11:00 AM EST, 08:00 AM PST) November 9, where Colin K. Benner, the new CEO of Lundin Mining, will host the call and discuss the recently completed merger between Lunding Mining and EuroZinc. Karl-Axel Waplan, COO, and Anders Haker, CFO, will be available to comment on Lundin Mining's Third Quarter results and AJ Ali and Joao Carrelo will be available to comment on EuroZinc's Third Quarter results prior to the recently completed merger.
Please call in 5 minutes before the conference starts and stay on the line (an operator will be available to assist you).
Call-in number for the conference call (North America): +1-718 354 1388
Call-in number for the conference call (Europe): +46-8-5352 6408
To take part of the interactive presentation, please log on using this direct link:
https://www.livemeeting.com/cc/premconfeurope/join?id=3943399&role=
attend&pw=Lundin2
(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)
Or visit the website www.euvisioncast.com and login using the following:
Meeting ID: 3943399
Meeting Password: Lundin2
The presentation slideshow will be available in PDF format for download from the Lundin Mining website www.lundinmining.com from 8:00 AM EST on the 9th of November.
A replay of the telephone conference will be available approximately one hour after the completion of the conference and until November 15, 2006.
Replay number in Europe is: +46-8-5876 9441 and in North America: +1-718-354 1112
To access the recording, please enter access code: 3943399#
EZ from another board I assist
you can get all Fed. Ops there also,
#msg-14563337
nice !!!
LMC +2.60 +7.19% 528,200 $38.78 LUDIN MINING CORP
.
Right MMG & LMC...not yet changed ameritrade
sent this to Matt for this board:
Sent By: EZ2 Date: 11/3/2006 7:17:12 AM
Pls. change the NAME of the board to:
LUNDIN MINING COMPANY
and the ticker symbol to: LMC
Thanks!!
==========================================
http://www.investorshub.com/boards/quotes.asp?ticker=lmc
new symbol for that is: MMG, correct ?
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