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Lundin Mining Suspends Operations at Aguablanca Mine in Spain

Mining operations are being curtailed by Lundin Mining Corp at its Aguablanca Mine in Spain due to very heavy rains.

The mine in the Extremadura region will see operations suspended while an initial technical investigation takes place. A decision on continuing the mining activities will be taken in the next few weeks by Lundin Mining.

The company also provided its guidance for 2011 in the statement. They expect better copper, zinc and lead production in the coming year as compared to last year. The Chief Executive Officer of Lundin Mining, Phil Wright said that the capital investment is expected to increase to $290 million. This is much higher than the estimated $185 million for 2010.

Mr. Wright said that the capital would be spent on expansion of production capacity in their European operations, commencement of the development of the Lombador mine, and provision for the commencement of expansion at Tenke. Formal decisions for these activities were yet to be made.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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