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Message: Announces Copper Hedging Program
| April 20, 2009 |
| Lundin Mining Announces Copper Hedging Program |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2009) - Lundin Mining Corporation ("Lundin Mining") (TSX:LUN)(OMX:LUMI) reports that over the previous 5 business days, Lundin Mining entered into multiple option collar arrangements which set a price protecting floor and cap maximum price received for approximately 40,000 tonnes of copper spread evenly over the next 12 months. The weighted average floor price is $1.87 per pound copper and the weighted average ceiling is $2.39. No cash premiums were paid or received under the net zero cost structures. About Lundin Mining Corporation Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain and Sweden, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo and holds an extensive exploration portfolio and interests in international mining and exploration ventures. |
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