Eagle Mine

Diversified base metals mining company Lundin Mining has commenced commercial production at Eagle mine in the Upper Peninsula of Michigan, US.

The mine is said to be a high-grade nickel-copper mine, which began operations in September 23 ahead of schedule.

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The company claims the achievement was made within two months of start-up and well before the target of the first quarter of 2015.

Lundin Mining president and CEO Paul Conibear said: "The team at Eagle mine has done an excellent job in accelerating the ramp-up and delivering commercial operations ahead of expectations.

"Eagle mine will be significant to the earnings and cashflow of Lundin Mining, and a major employer and economic contributor in northern Michigan."

"Going forward, the Eagle mine will be significant to the earnings and cashflow of Lundin Mining, and a major employer and economic contributor in northern Michigan.

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"We wish to thank all employees, contractors and the community for their efforts in bringing the mine into commercial production safely, and sooner than expected."

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As defined by the company, commercial production is the ability to maintain average production metrics of 75% of designed throughput and 75% nickel recovery, which have met the target grade for nickel concentrate (11% – 16%) for one month.

Lundin Mining has operations and projects in Chile, Portugal, Sweden, Spain and the US, producing copper, zinc, lead and nickel.

The company holds a 24% equity stake in the world-class Tenke Fungurume copper-cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business.

Image: Eagle mine is located in the Upper Peninsula of Michigan. Photo: courtesy of Eagle Mine.

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