Lundin completes sale of Tenke copper mine stake to BHR

Lundin Mining has completed the sale of its 30% stake of TF Holdings, a majority owner of Congolese copper and cobalt mine Tenke Fungurume.

The Canadian mining company’s effective 24% interest in the Tenke mine was sold to BHR Partners, a Chinese private equity firm, for $1.1 billion in cash and a contingent consideration of up to $51.4 million, according to an April 19 statement. BHR is the cross-border investment division...

Published

Justin Yang

April 20, 2017

14:35 GMT

London