Toronto, October 31, 2011 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation
(“Lundin Mining” or the “Company”) is pleased to announce the formal
appointment of Mr. Paul Conibear as President and CEO of Lundin Mining. Mr.
Conibear has been interim President and CEO of the Company since June 30, 2011.
Mr. Conibear has more than 28 years experience in corporate and asset
management of all phases of mining investments in North and South America, and
several African countries including the Democratic Republic of Congo.
Originally from the mining centre of Sudbury, he brings to Lundin Mining and
its investments a practical background of 18 years in mining project and
construction management followed by 10 years as a corporate officer and
director for several successful public companies including Tenke Mining Corp.
As Chief Operating Officer, then President and a Director of Tenke Mining Corp.
for many years until its merger with Lundin Mining, Mr. Conibear was
instrumental in progressing the world class Tenke Fungurume copper/cobalt
project towards development. In this capacity he has also been active in
advancing corporate social responsibility initiatives and is one of the
founding directors of the Lundin Foundation, a charitable entity established to
support sustainable development across Africa and other parts of the world.
Lukas Lundin, Chairman of Lundin Mining, commented, “I'm very pleased that Paul
has accepted our offer to head up Lundin Mining. I've witnessed first-hand
the outstanding achievements his dedication and determination have brought over
the years and I'm very happy to see that he shares my excitement for the future
of Lundin Mining. I look forward to great success with Paul at the helm.”
About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company with
operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead
and nickel. In addition, Lundin Mining holds a development project pipeline
which includes an expansion project at its Neves‐Corvo mine along with its
equity stake in the world class Tenke Fungurume copper/cobalt project in the
Democratic Republic of Congo.
On Behalf of the Board,
Lukas Lundin
Chairman
For further information, please contact:
Sophia Shane, Investor Relations North America: +1-604-689-7842
John Miniotis, Senior Business Analyst: +1-416-342-5565
Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50
Forward Looking Statements
Certain of the statements made and information contained herein is
“forward-looking information” within the meaning of the Ontario Securities Act.
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 Annual Information Form and in each
management discussion and analysis. Forward-looking information is in addition
based on various assumptions including, without limitation, the expectations
and beliefs of management, the assumed long term price of copper, nickel, 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. Accordingly, readers are advised
not to place undue reliance on forward-looking statements.
