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.
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.