Lundin Mining Announces Agreement to Sell Remaining Specialty Cobalt Business
TORONTO, July 27, 2021 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) announced today that its 24% owned subsidiary, Koboltti Chemicals Holding Limited, has entered into an agreement to sell its specialty cobalt business based in Kokkola, Finland (“Freeport Cobalt”) to Jervois Mining Limited (“Jervois”). This business was no longer strategic to Lundin Mining following the sale of its interests in Tenke Fungurume in 2016 and the cobalt refinery in Kokkola in 2019. Under the terms of the transaction, Jervois will acquire 100% of