NEW YORK Lundin Mining Corp. expects significant increases in copper, nickel, zinc and lead production output over the next three years, the company said in an operational guidance report Dec. 4.
The completion of its Eagle nickel-copper mining project in Michigans Upper Peninsula and ramp-ups at other projects will lead to a 20-percent increase in the companys copper production and a 10-percent jump in zinc production between 2014 and 2016, Toronto-based Lundin said.
Lundins total nickel production is expected to triple to 30,000 tonnes by 2016 from a projected high of 10,000 tonnes in 2014, while lead output is estimated to grow 12.3 percent to 36,500 tonnes from 32,500 tonnes in the same comparison.
"For 2014, we anticipate continuing our strong execution at the current operations and completing construction of the Eagle Mine on target," Lundin president and chief executive officer Paul Conibear said in a statement.
Lundin acquired the Eagle project in July from London-based Rio Tinto Nickel Co. for $315 million (amm.com, July 17). Production at the mine is expected to commence by the end of 2014.