Hitt og þetta 28. júlí 2006

Lundin Mining AB in preliminary merger talks - report

Nordic Business Report-July 28, 2006-Lundin Mining AB in preliminary merger talks - report
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish mining company Lundin Mining AB is reportedly interested in merging with a partner within copper and zinc.

According to Lundin Mining's president Lukas Lundin, interviewed by the Swedish business newspaper Dagens Industry, the company is in preliminary talks with two prospective partners.

Lundin Mining is reportedly interested in joining with a mining company with a market value of around USD1bn.

Lukas Lundin said that he hopes to complete a merger within the next six months.

One US dollar (USD) is worth approximately 0.56 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))