Lundin ups stake in Chile copper mine

Canadian base metals mining company Lundin Mining has accelerated an option to increase its interest in SCM Minera Lumina Copper, which owns the Caserones copper and molybdenum mine, in Chile.

The company, which trades on the TSX and Nasdaq Stockholm exchanges, will acquire a further 19% interest in Caserones from JX Advanced Metals for $350-million.