Toronto, November 16, 2011 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation
(“Lundin Mining” or the “Company”) is pleased to announce the following
additions to our executive team.
Ms. Julie Lee Harrs has joined Lundin Mining as Senior Vice President,
Corporate Development. Ms. Lee Harrs has extensive international mining
experience including corporate affairs, project development, operations, and
mergers and acquisitions, gained through executive positions with Inco Limited
(now part of Vale) where she served on negotiating teams on such notable
projects as Voisey's Bay and Goro, then at Sherritt International as Senior
Vice President and General Counsel. At Sherritt, Ms. Lee Harrs held corporate
roles on financing and acquisitions, served on joint venture boards and
maintained various corporate responsibilities on Ambatovy and Moa Bay. She also
held directorship and executive management roles with MacDonald Mines and
Energizer Resources. Previous to those positions, she was a corporate lawyer
with Blakes, one of Canada's national law firms. Ms. Lee Harrs has worked on
mining, oil and gas investments in Canada, New Caledonia, Cuba, Madagascar,
Indonesia, Spain and Pakistan. Based out of our Toronto office, Ms. Lee Harrs'
mandate is to accomplish value added acquisitions to accelerate and build the
growth profile of Lundin Mining.
The Company is also very pleased to welcome Mr. Paul McRae to the position of
Senior Vice President, Projects. Mr. McRae has a distinguished global
reputation in project and construction management in the mining industry for
both surface and underground projects of all scales and complexities. He was
most recently with AMEC in Chile as their Project Manager on the world scale
Cerro Casale copper/gold project. His track record includes on time/on budget
project management of major underground investments for Inco including McCreedy
East, Garson and Birch Tree projects, serving as Project Manager on the highly
successful De Beers Victor Project in the north of Canada, and leadership of
numerous other projects from conceptual through to construction phases in
Australia, Canada, Spain, Portugal, and South America, over a career spanning
more than 30 years.
Paul Conibear, President and CEO of the Company commented "Julie and Paul are
key additions to our executive management team at this transformational point
in the company's history as we advance a new phase of growth. We are delighted
to be able to add depth of this calibre to our team."
On behalf of the Board
Paul Conibear
President & CEO
Lundin Mining
About Lundin Mining
Lundin Mining Corporation is a diversified Canadian 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 expansion projects at Neves‐Corvo mine along with its
equity stake in the world class Tenke Fungurume copper/cobalt mine in the
Democratic Republic of Congo.
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.
