Lundin Mining will be evaluating the sale of the Neves-Corvo mine, in Castro Verde. The information is provided by the Bloomberg agency, which cites sources with knowledge on the subject.
According to these sources, the sale of the mine in Portugal could amount to one billion euros. Neves Corvo, which produces copper and zinc, is the largest Portuguese mine and one of the largest employers in the Baixo Alentejo with more than 2,000 jobs. The mine is operated by Somincor, a once state-owned company that was sold several years ago to international investors.
According to Bloomberg, the Canadian company has already spoken with potential consultants to explore the options available for the sale of this mine. If the company goes ahead with this sale, the Neves-Corvo mine could attract the interest of other rival companies in the sector. Despite the news of this possibility of sale, there is also the possible scenario that Lundin decides to keep this asset in Portugal. The company declined to comment on the matter.
In the second quarter of this year, the Neves-Corvo mine produced 7.9 million tons of copper and 20.6 million tons of zinc.
The Canadian company controls mines in several countries. In addition to this operation in Portugal, the company also has mines in Sweden, the United States, Chile and Brazil, dedicated to the extraction of copper, zinc and nickel.
The Working Conditions Authority investigates an “incident” with the death of a worker at the Neves-Corvo mine
Source: Observadora
