Rio Tinto Purchased by Lundin – Press Release Breakfast
Rio Tinto has been Sold to Lundin and they are moving forward on the Eagle Mine!
MARQUETTE, MI – (Great Lakes Radio News) – There was a breakfast at the Ramada Inn this morning to discuss the sale of the Rio Tinto Eagle Mine to Canadian Mining company Lundin. Lundin is excited to again be working with Rio Tinto as they have previously purchased two other Base Metal Mines from Rio Tinto.
The Companies have similar philosophies on safety, community and environmental standards, and will continue to hire Local workers to staff the mine. Lundin is moving forward on the project and expects to open the mine for production ahead of schedule. We heard from Rio Tinto Representative Adam Burley as well as Paul McRae and Steve Gatley both of Lundin. Local Rio Tinto communications manager Daniel Blondeau was at the breakfast and also joined us on the Sunny Morning Show.
Lundin is traded on the UK and Sweedish markets and their net worth is over 2 billion dollars. The purchase of the Eagle Mine cost Lundin 325 Million and they plan to invest an additional 400 million to get the mine into a state of production.
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