Latest news with #JackLundin
India.com
27-05-2025
- Business
- India.com
This country has hit a massive Jackpot, discovers biggest Copper, Gold, Silver deposit in 30 Years, not US, Russia, China, India, Pakistan, Australia, name is…
Gold deposits- Representative image Argentina hits JACKPOT: In a significant discovery amid the global rise in the prices of copper, gold and silver, massive deposits of the critical miners have been found in Argentina's San Juan province, near the Chilean border of South America. Hailed as the largest such discovery of copper, gold and silver on a global level in the last 30 years, the discovery is expected to change the future of South America. Here are all the details you need you need to know about the recent discovery. Argentina discovers 80 million ounces of gold and silver worth The recent discovery has been made by a joint venture between Lundin Mining and BHP on a site believed to have over over 12 million tonnes of copper and nearly 80 million ounces of gold and silver worth billions. 'The initial Mineral Resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally. This may affect the future of South America's mining sector,' said Jack Lundin, CEO of Lundin Mining, in a quote carried by Indian Defence Review. 'We are in an excellent position to continue advancing the development of a mining district with great potential,' Dave Dicaire, the general manager of the Vicuña project was quoted by media reports. Will the discovery of crucial metals change Argentina forever? The discovery of the crucial metals is expected to help the economy of Argentina in a significant manner. While copper can be used in wiring, electronics, machinery, and clean energy technologies, Gold and silver find their values in jewelry, medical devices, and chip manufacturing. The discovery is expected to help the economy of Argentina by leaps and bounds as it will help Argentina position itself as the vital agent of global supply chains for sustainable technologies.
Yahoo
26-05-2025
- Business
- Yahoo
Lundin Mining Announces 2024 Sustainability Report
VANCOUVER, BC, May 26, 2025 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the publication of its 2024 Sustainability Report (the "Report") which highlights the Company's environmental, health & safety, governance and social performance during the year. Jack Lundin, President and CEO, affirmed Lundin Mining's commitment to responsible, sustainable and transparent practices in the mineral resource industry: "In 2024, we proudly celebrated Lundin Mining's 30th anniversary, a milestone year that was truly transformative for the Company. In this defining year, we took bold steps to reshape our asset base with a continued commitment to sustainability performance as an integral part of our Company's overall strategy for disciplined growth in the copper and base metals sector. We are very pleased to present our 2024 annual Sustainability Report". Since 2010, Lundin Mining has reported on the environmental, health & safety, governance and social issues that are of greatest interest to communities near its operations, employees, investors and other stakeholders in a comprehensive, stand-alone document. The 2024 Sustainability Report is considered a transitional-year report and considerable effort has gone into preparing for the European Sustainability Reporting Standards (ESRS) and European Union's Corporate Sustainability Reporting Directive (CSRD). This year's report has been aligned with ESRS while continuing to use the Global Reporting Initiative (GRI) Standards. The Report is available on Lundin Mining's website at 2024 Highlights Include: The Company advanced key greenhouse gas (GHG) emission reduction initiatives, including at Candelaria where the operation's power purchase agreement was extended from 80% to 100%. With this increased investment in renewables, all of the electricity supply of Lundin Mining's Chilean operations is now sourced from renewable sources. As of 2024, the active tailings facilities at Caserones fully conform to the Global Industry Standard on Tailings Management. Direct community investments from the Company's corporate office and sites totaled approximately $6.6 million in 2024. These investments supported education, health, culture, community development and small business development. 2024 marked Lundin Mining's second-best year on record in terms of Total Recordable Injury Frequency (TRIF) and All Injury Frequency (AIF). The Visible Felt Leadership program provided opportunities for leadership coaching and by year end, more than 121,000 leadership interactions had been recorded across Lundin Mining. Board composition exceeded the Company's female representation target, with 37.5% of female directors. Code of conduct training was updated to include a human rights module. Lundin Mining has filed its 2025 Modern Slavery Report which can be found on the Company's website. The 2024 ESTMA Report will be available on Lundin Mining's website when published. About Lundin Mining Lundin Mining is a diversified Canadian base metals mining company with projects or operations focused in Argentina, Brazil, Chile and the United States of America, and primarily producing copper, gold and nickel. The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on May 26, 2025 at 15:30 Vancouver Time. SOURCE Lundin Mining Corporation View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
26-05-2025
- Business
- Cision Canada
Lundin Mining Announces 2024 Sustainability Report
VANCOUVER, BC, May 26, 2025 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the publication of its 2024 Sustainability Report (the "Report") which highlights the Company's environmental, health & safety, governance and social performance during the year. View PDF Jack Lundin, President and CEO, affirmed Lundin Mining's commitment to responsible, sustainable and transparent practices in the mineral resource industry: "In 2024, we proudly celebrated Lundin Mining's 30th anniversary, a milestone year that was truly transformative for the Company. In this defining year, we took bold steps to reshape our asset base with a continued commitment to sustainability performance as an integral part of our Company's overall strategy for disciplined growth in the copper and base metals sector. We are very pleased to present our 2024 annual Sustainability Report". Since 2010, Lundin Mining has reported on the environmental, health & safety, governance and social issues that are of greatest interest to communities near its operations, employees, investors and other stakeholders in a comprehensive, stand-alone document. The 2024 Sustainability Report is considered a transitional-year report and considerable effort has gone into preparing for the European Sustainability Reporting Standards (ESRS) and European Union's Corporate Sustainability Reporting Directive (CSRD). This year's report has been aligned with ESRS while continuing to use the Global Reporting Initiative (GRI) Standards. The Report is available on Lundin Mining's website at 2024 Highlights Include: The Company advanced key greenhouse gas (GHG) emission reduction initiatives, including at Candelaria where the operation's power purchase agreement was extended from 80% to 100%. With this increased investment in renewables, all of the electricity supply of Lundin Mining's Chilean operations is now sourced from renewable sources. As of 2024, the active tailings facilities at Caserones fully conform to the Global Industry Standard on Tailings Management. Direct community investments from the Company's corporate office and sites totaled approximately $6.6 million in 2024. These investments supported education, health, culture, community development and small business development. 2024 marked Lundin Mining's second-best year on record in terms of Total Recordable Injury Frequency (TRIF) and All Injury Frequency (AIF). The Visible Felt Leadership program provided opportunities for leadership coaching and by year end, more than 121,000 leadership interactions had been recorded across Lundin Mining. Board composition exceeded the Company's female representation target, with 37.5% of female directors. Code of conduct training was updated to include a human rights module. Lundin Mining has filed its 2025 Modern Slavery Report which can be found on the Company's website. The 2024 ESTMA Report will be available on Lundin Mining's website when published. About Lundin Mining Lundin Mining is a diversified Canadian base metals mining company with projects or operations focused in Argentina, Brazil, Chile and the United States of America, and primarily producing copper, gold and nickel. The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on May 26, 2025 at 15:30 Vancouver Time. SOURCE Lundin Mining Corporation
Globe and Mail
26-05-2025
- Business
- Globe and Mail
Monday's Insider Report: CEO sells US$24-million from an industrial stock after it closes at a record high
Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. An insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units. Listed below is a stock that has had recent buying activity in the public market reported by the CEO. Lundin Mining Corp. (LUN-T) On May 22, president, chief executive officer and director Jack Lundin invested over $252,000 in shares of Lundin Mining. He acquired 20,000 shares at a cost per share of $12.6467, lifting the holdings in this particular account to 1,032,598 shares. ** Listed below are three stocks that have had recent selling activity in the public market reported by insiders. GFL Environmental Inc. (GFL-T) With sales on May 9, 22 and 23, founder and chief executive officer Patrick Dovigi sold a total of 500,000 shares at an average price per share of approximately US$48.87 leaving 275,792 shares in this particular account. Proceeds from the sales totaled more than $24 million, excluding commission charges. On May 5, the share price closed at a record high of US$51.58 on the New York Stock Exchange. The stock is dual-listed, trading on the New York Stock Exchange and the Toronto Stock Exchange. Sun Life Financial Inc. (SLF-T) On May 21, Steve Peacher exercised his options, receiving 80,048 shares at an average cost per share of approximately $66.26, and sold 80,048 shares at a price per share of $87.70, after which this particular account did not hold any shares. Net proceeds totaled over $1.7-million, excluding any associated transaction fees. Mr. Peacher is executive chair of SLC Management, the institutional investment management arm of Sun Life. TC Energy Corp. (TRP-T) On May 23, vice president of project services Troy Tally divested 2,477 shares at a price per share of US$49.7903, after which this particular account did not hold any shares. Proceeds from the sale totaled more than US$123,000, excluding trading fees. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Yahoo
19-05-2025
- Business
- Yahoo
Scientists Found a Massive Copper Deposit That Could Change the Future of Energy
Here's what you'll learn in this story: An initial mineral resource estimate, exploring deeper mineralization of the Filo del Sol copper deposit in northwest Argentina, found that the area likely contained five times more metals that previously believed, making it one of the largest deposits in the world. Although a boon for many industries in need of copper, gold, and silver, mining in the high Andes is far from easy due to high altitudes, harsh climates, and environmental concerns. Environmentalists worry that some mines in the region may violate the country's Glacier Law—designed to protect Argentina's largest source of a freshwater—and use a lot of groundwater during the mining process. Located along the border of Chile and Argentina, the Filo del Sol copper deposit has been under investigation for years for potentially being one of the largest copper deposits in the world. And that makes sense, considering this deposit is nestled along the Atacama Desert—long known for its immense copper reserves due to its location in the Andes and its placement within the eastern portion of the Ring of Fire. However, a new initial mineral resource estimate completed earlier this month suggests that the companies in charge of mining this area—the U.S.-based Lundin Mining and BHP—may have stumbled upon five times more metal than they bargained for. According to a statement from Lundin Mining, the new assessment estimates the presence of up to 13 million tonnes of copper, 907,000 kilograms (32 million ounces) of gold, and 18.6 million kilograms (659 million ounces) of silver. This new update, gathered from data collected from 400 additional exploration holes, came from the discovery that deeper mineralization of copper far exceeded the estimates that were closer to the surface. According to AFP, Filo del Sol could prove to be richer still, as experts dig deeper and explore the resource's northern and southern boundaries. 'Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved,' Jack Lundin, CEO of Lundin Mining, said in a press statement. 'The initial Mineral Resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally.' This mine is particularly lucrative, as many of the metals found there will be vital to both the green energy revolution and other industries (such as aerospace and telecommunications) that need precious metals like gold. Of course, discovering the existence of these resources is one thing, and extracting them is something else entirely—especially due to this open pit mine's particular location. Located at roughly 5,000 meters (16,400 feet) above sea level, the mine and its high elevation (not to mention the overall punishing environment) can take a toll on workers and even induce altitude sickness, according to AFP. As with mining any hard-to-reach location, the logistics of moving equipment up to those altitudes will also be difficult. Extracting the metals from this portion of the Andes—an initial mineralization that occurred during the Late Cretaceous—will also cause lasting damage to an already fragile ecosystem. Mining operations on both sides of the border have tried to clean up their act, and mines in other areas of Chile's Atacama Desert are working toward transitioning to mining powered by renewable energy, according to Mining Technology. In December of 2024, Argentina's largest private electricity generator Central Puerto began a feasibility study to figure out the best way to build transmission lines capable of ferrying renewable energy to mining sites in the northwest. Lundin also announced in 2022 that they'd be building high-voltage power lines to bring renewable energy to the area and keep diesel consumption to a minimum. However, concerns remain. In a report from Dialogue Earth, the environmental NGO Fundación Ambiente y Recursos Naturales (FARN) has accused Lundin Group of flouting the country's Glacier Law, which prohibits the establishment of mining pits within the periglacier area (the country's current president is actively seeking to undermine that law). Some 70 percent of the country's drinking water comes from glaciers. It also doesn't help that mining itself requires lots of water. For example, one of the country's biggest mining sites—La Alumbrera—uses 25 billion liters of water every year, which is equal to 34 percent of the water consumed by the region's nearly half a million inhabitants in a year, according to FARN. It's no secret that humanity needs minerals hiding within the Earth if it has any hope of transitioning away from fossil fuels. But in the quest for those minerals, it's best not to kill the patient to cure the disease. You Might Also Like The Do's and Don'ts of Using Painter's Tape The Best Portable BBQ Grills for Cooking Anywhere Can a Smart Watch Prolong Your Life?
