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Lundin Mining Corporation


In 2006 Lundin Mining acquired a 49%interest in the Ozernoe zinc-lead project, located in the Republic Buryatia in South East Siberia of the Russian Federation, from the Russian company IFC Metropol. The remaining 51% is owned by a subsidiary of IFC Metropol. The historic resource for Ozernoe is reported as 157 million tonnes grading 5.2% zinc and 1.0% lead, making it one of the largest undeveloped open-pitable sulphide zinc resources worldwide. The historic resources of Ozernoe are based on old Soviet drilling data.

A number of challenging issues are being addressed on the project including renegotiation of certain milestones contained within the original mineral license. The Company has initiated a review of whether evolving investment terms, license amendment progress, and local issues meet the Company's criteria for ongoing involvement.  

Quarterly Operations Update

  • Fourth Quarter December 31, 2008
  • Third Quarter September 30, 2008
  • Second Quarter June 30, 2008
  • First Quarter March 31, 2008
  • Fourth Quarter December 31, 2007
  • Third Quarter September 30, 2007
  • Second Quarter June 30, 2007
  • First Quarter March 31, 2007

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