Lundin considers sale of $1 billion copper-zinc mine in Portugal-Bloomberg News

(Reuters) – Lundin Mining Corp is considering the sale of a copper and zinc mine in Portugal that could be valued at about 1 billion euros ($1.02 billion), Bloomberg News reported on Monday, citing people familiar with the matter.

The Toronto-based miner is speaking with potential advisers as it explores options for the Neves-Corvo mine, with the sale likely to draw interest from rival mining firms, according to the report. (https://bloom.bg/3w4M4ea)

The mine produced 7,867 tonnes of copper and 20,647 tonnes of zinc in the April-June period this year.

Lundin declined to comment.

($1 = 0.9808 euros)

(Reporting by Rithika Krishna in Bengaluru)