TORONTO, ONTARIO–(Marketwire - April 30, 2009) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) (“Lundin Mining”) today announced the appointment of Mrs. Marie Inkster as Chief Financial Officer, effective May 1, 2009, to succeed Mr. Ted Mayers, who will retire.
Mrs. Inkster joined Lundin Mining in September of 2008 as Vice President, Finance. During her career she has held positions of increasing responsibility in a number of publicly traded companies, including five years with LionOre Mining International Ltd., where she served as Vice President, Controller at the time of its acquisition by Norilsk Nickel in July of 2007. She has experience in public and private equity and debt fundraising, corporate transactions and public company reporting. Mrs. Inkster is a Chartered Accountant and spent 5 years in public accounting with Deloitte.
Commenting on the change, Mr. Phil Wright, President and CEO of Lundin said, “Mr. Mayers has provided strong financial leadership during his tenure with Lundin. I have appreciated his advice and guidance through a challenging period and, on behalf of the Board, I would like to thank him for his contribution to the Company.”
He further added, “Mrs. Inkster has been working closely with Mr. Mayers and has been an integral part of the financial management team. She has impressed all those who have worked with her and I am very pleased to have such an able replacement as CFO. We wish Mrs. Inkster every success in her new position and I look forward to working with her as Lundin Mining’s new CFO.”
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.
On behalf of the Board,
Phil Wright, President and CEO
Forward Looking Statements
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities legislation or “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Generally, these forward-looking statements or information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company’s Business in the Company’s current Annual Information Form and management discussion and analysis. Forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management at the time they are made, including, without limitation, the assumed long term price of copper, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. The forward-looking information contained herein is presently for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers are advised not to place undue reliance on forward-looking statements.