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Lundin says Aljustrel "challenging," sees more M&A
TORONTO (Reuters) - Lundin Mining Chief Executive Phil Wright said on Tuesday the economics of its Aljustrel zinc mine in Portugal are "challenging," and that it would make a decision on the mine's future by the end of the year.
In an interview, Wright also said he expects the company will continue to be active in the M&A market, and he sees opportunities in the zinc-lead space over the next couple of years.
Lundin Mining made several moderate-sized acquisitions in 2006 and 2007, but has seen its share price fall by nearly two-thirds over the past year as costs have climbed, while zinc prices have plunged.
(Reporting by Cameron French; editing by Rob Wilson)
