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|  In 2007, Lundin Mining acquired the Canadian based company Tenke Mining Corp. Through the acquisition of Tenke, Lundin Mining obtained a 24.75% holding in the Tenke Fungurume project in the Democratic Republic of Congo ("DRC"), which is one of the largest and highest grade, undeveloped copper-cobalt mineral concessions in the world. Its partners are Freeport McMoRan Gold and Copper Company ("Freeport"), holding 57.75%, who is also the operator of the project and the Congolese state mining company, Gécamines, holding the balance of 17.5% as a free carried interest. The Tenke Fungurume concessions encompass over 1,500 square kilometers and are located approximately 110 miles northwest of Lubumbashi in Katanga Province. The project entails an open pit mining operation and a 40-year mine plan has been developed based on current proven/probable reserves producing initially 115,000 tonnes per annum of London Grade A quality copper cathode and 8,000 tonnes per annum of cobalt in a combination of cobalt metal or intermediate cobalt hydroxide. Please click here for further information on the Tenke Fungurume project: http://www.fcx.com/operations/africa.htm |
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 Tenke Indaba Presentation 2010 Quarterly Operations Update |
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