Lundin Mining
Lundin Mining Corporation is a Canadian public mining company based in Vancouver that produces copper, gold, silver, and nickel. Its major mines include Candelaria and Caserones in Chile, Chapada in Brazil, and Eagle Mine in Michigan. The company also has a 50% stake in the Filo del Sol and Josemaria projects with BHP. About 15% of the company is owned by affiliates of the Lundin family.
The company’s roots go back to 1994 when Adolf Lundin founded it as South Atlantic Diamonds Corp. It went through several name changes and grew through a series of acquisitions, including the Zinkgruvan mine in Sweden in 2004 and the Neves-Corvo mine in Portugal in 2006. Lundin Mining moved its headquarters from Vancouver to Toronto in 2008 and returned to Vancouver in 2023.
Over the years, Lundin Mining expanded by adding new mines and projects and selling others. Key moves included the Eagle Mine in Michigan (acquired in 2013), the Candelaria mine stake from Freeport-McMoRan (2014), and the Chapada mine in Brazil (2019). It also acquired Josemaria Resources in 2022 and Caserones in Chile in 2023. In 2024, Lundin joined with BHP to form a 50/50 joint venture for Filo del Sol, with Lundin contributing Josemaria to the deal.
In 2025 the company sold the Neves-Corvo and Zinkgruvan mines to Boliden. Also that year, the Alcaparrosa mine in Chile faced a closure order from the authorities, and a Canadian court allowed a class-action lawsuit by Lundin Mining investors over late disclosure of a 2017 rockslide at the Candelaria mine.
This page was last edited on 2 February 2026, at 02:54 (CET).