# Lundin Mining sells Tenke mine stake to BHR Partners for $1.5B

Lundin Mining Corp. agreed to sell its 30% indirect interest in TF Holdings, owner of the Tenke copper-cobalt mine in the DRC, to China's BHR Partners for $1.5 billion. The deal is contingent on Freeport McMoRan's sale of its stake to China Molybdenum.

- Type: Acquisition
- Announced: 2016-11-15
- Where: Katanga, Democratic Republic of the Congo, Congo - Kinshasa
- Value: $1.50B
- Status: announced
- Products: copper, cobalt
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lundin Mining Corporation](https://endata.com/companies/18066.md)
- [Freeport-McMoRan](https://endata.com/companies/16157.md) (partner)
- [BHR Partners](https://endata.com/companies/20070.md) (acquirer)
- [China Molybdenum](https://endata.com/companies/20071.md) (partner)

## Sources

- [financialpost.com](https://financialpost.com/mining/lundin-mining-sells-stake-in-congo-mine-owner-to-chinese-firm-for-us1-14-billion/), 2016-11-15: "Lundin Mining Corp. is selling its stake in TF Holdings, owner of the Congolese Tenke mine, to a Chinese private equity firm for $1.5 billion, as part of a transfer of ownership of the mine to Chinese companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.