Parties
Company
Lundin Mining Corporation
Company
JX Nippon Mining & Metals Corporation
NOTE: "it has been agreed upon with Lundin’s General Counsel that you do not have approval to post the deal teams for each firm that acted on the deal." On March 27, 2023, Lundin Mining Corporation has agreed to buy a 51% stake in SCM Minera Lumina Copper Chile from JX Nippon Mining & Metals Corporation for an upfront payment of $800 million and an additional $150 million over six years. Lundin also has the option to acquire an additional 19% interest for $350 million within the next five years. On July 13, 2023, Lundin Mining Corporation has announced the closing of the acquisition of 51% stake in SCM Minera Lumina Copper Chile from JX Metals Corporation. The company also secured a three-year term loan of $800 million (1,082,108,000.00 CAD), with the potential for an additional $400 million based on meeting specific conditions.
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
$ 1,082,108,000Deal Status
ClosedClosing Date
13 July 2023