Lundin gets second bid extension on Freeport Congo mine stake

TORONTO, Sept 15 (Reuters) – Canadian base metals miner Lundin Mining Corp has won a two week extension until Sept. 29 to bid on Freeport-McMoRan Inc’s stake in the Tenke Fungurume copper and cobalt mine, Lundin said in a statement on Thursday.

Lundin, previously granted an extension to Sept. 15, said it continues to review, with legal and financial advisors, its ownership in the Democratic Republic of Congo mine, one of the world’s largest copper deposits.

The Toronto-based company would not comment on why it needs more time, but director of business valuations and investor relations Mark Turner repeated that Lundin has credible interest from multiple parties on a number of scenarios.

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