# Lundin Mining acquires 51% stake in Caserones copper mine for $950M

Lundin Mining announced the purchase of a 51% stake in the Caserones copper and molybdenum mine in Chile from JX Nippon Mining for US$950 million in late March 2023.

- Type: Acquisition
- Announced: 2023-03-31
- Where: Caserones mine, Chile, Chile
- Value: $950.0M
- Status: announced
- Products: copper, molybdenum
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lundin Mining Corporation](https://endata.com/companies/18066.md) (acquirer)
- [JX Nippon Mining & Metals Corporation](https://endata.com/companies/38365.md) (target)

## Sources

- [fynsa.com](https://www.fynsa.com/en/newsletter/fusiones-y-adquisiciones-vuelve-el-movimiento-a-la-mineria-del-cobre/), 2023-04-06: "In late March, the Canadian group Lundin announced the purchase of a 51% stake in the Caserones copper and molybdenum mine, in Chile, for US$950 million from Japan’s JX Nippon Mining."

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