From a single asset to a multi-mine global copper producer
Since its inception, Lundin Mining has been driven by a core strength: identifying and unlocking hidden value across the full mining continuum. This began with the discovery of the high-grade Storliden deposit in Sweden in 1997, which was advanced through feasibility, permitting, and construction to production within five years. Though modest in scale, Storliden provided the cashflow and confidence to pursue broader ambitions.
Over the next decade, Lundin Mining rapidly scaled from a single asset to a global portfolio through strategic acquisitions, mergers, and organic growth. Key milestones included acquiring Zinkgruvan in Sweden, merging with Arcon and EuroZinc to add Galmoy and Neves-Corvo, and partnering with Freeport-McMoRan to develop Tenke Fungurume in the DRC. The company further expanded into the U.S. with the acquisition of the Eagle nickel project in Michigan.
In recent years, Lundin Mining has focused on building a top-tier copper portfolio anchored in South America. The acquisition of the Candelaria complex and Caserones mine in Chile, as well as Chapada in Brazil marked major steps forward, followed by transformative moves in the Vicuña District. With the acquisitions of Josemaria and Filo del Sol—alongside a strategic joint agreement with BHP—the company is now positioned to unlock one of the world’s most geologically prospective copper regions and establish a multi-generational mining district foundational to its future growth.