ZINC The base metal. News and Views. Symbol Zn Message Board

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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn

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From: Jirobe	7/22/2008 8:56:51 PM
	of 3270

Lundin says Aljustrel "challenging", sees more M&A uk.reuters.com TORONTO, July 22 (Reuters) - Lundin Mining (LUN.TO: Quote, Profile, Research) Chief Executive Phil Wright said on Tuesday the economics of its Aljustrel zinc mine in Portugal are "challenging", and that it would make a decision on the mine's future by the end of the year. In an interview, Wright also said he expects the company will continue to be active in the M&A market, and he sees opportunities in the zinc-lead space over the next couple of years. Lundin Mining made several moderate-sized acquisitions in 2006 and 2007, but has seen its share price fall by nearly two-thirds over the past year as costs have climbed, while zinc prices have plunged. (Reporting by Cameron French; editing by Rob Wilson)

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